US States More Attractive for Oil Investment Than Canada: Survey

Published on January 10, 2024

The United States is a more attractive environment for investment in the petroleum sector than Canada, according to a survey of industry executives. Wyoming, for the second year running, was named the most attractive for investment in oil and gas exploration, beating out all of Canada’s provinces, according to the report from the Fraser Institute released on Jan. 9. North Dakota took second place on investors’ wishlists followed by Saskatchewan in third. Alberta placed ninth behind Oklahoma, Kansas, Texas, the Gulf of Mexico, and Louisiana. Newfoundland and Labrador placed 14th on the list while British Columbia took the 15th spot. The survey of senior oil and gas executives, conducted between May and September of 2023, ranks 17 North American jurisdictions—13 in the U.S. and four in Canada—based on policies affecting oil and gas investment....

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