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Canadian Natural Resources to Continue Montney Buildout in 2022

Canadian Natural Resources to Continue Montney Buildout in 2022


Industry Segment: Production | Word Count: 796 Words
Attachment: CNRL-4Q21

SUGAR LAND--March 9, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Natural Resources Limited (NYSE:CNQ) (CNRL) (Calgary, Alberta) enjoyed record quarterly production at the end of 2021, with soaring commodity prices bolstering its bottom line. More than 75% of CNRL's 1.31 million barrels of oil-equivalent per day in the fourth quarter was attributed to liquids production, mostly from its oil sands mining in Western Canada's Montney Shale. CNRL executives pointed to further Montney development in 2022 to take advantage of heavy demand and prices. Industrial Info is tracking more than US$30.5 billion worth of active projects from CNRL.

Within this article: Details on some of CNRL's highest-valued projects, including major buildouts in the Montney Shale set to be completed by the end of the year.

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