Yes. I think the biggest issue for our membership continues to be around product egress: the ability for us to be able to sell our natural gas and oil at world prices.
Recently, a barrel of oil in western Canada on the heavy side is traded at a discount as high as $50 compared to West Texas Intermediate. If West Texas Intermediate is at $72 U.S. today, that means our Canadian heavy barrel is getting just over $20 per barrel. There are massive discounts on the oil side, but something people forget is that there's also a large discount on the natural gas side as well. Again, because of egress, we can't move our gas out of western Canada. As an example, a normal differential on a molecule of natural gas would be $1 U.S. per thousand cubic feet of production. Today, we're seeing it mostly at $2 U.S. Again, it's a big differential. That does tend to curtail investment in our business.
One of our member companies, Peyto Exploration, a year ago probably would have had 20 to 30 rigs working in our basin. Today, they have six. Another one, Tourmaline Oil Corp. would be of similar vein. They would have had 25 to 30 rigs working a year ago, similar to Mark's comment, whereas today they'd probably be working with 10 to 15 rigs.
There are big impacts on our communities across Alberta, B.C. and Saskatchewan in particular.