Data from the Alberta Energy Regulator (AER) indicates that Alberta’s oil production achieved a new record in December 2023 of 4.19 MMb/d (rightmost stacked bars in chart below). The December high inched ahead of the previous record holder set in the prior month at 4.15 MMb/d (stacked bars inside black dashed rectangle). The strong performance in the last few months of 2023 established a new annual record of 3.82 MMb/d, just slightly ahead of 2022’s 3.73 MMb/d.
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- Analyst Insight
Alberta Crude Oil Production Sets New Record in November
Alberta crude oil production set a new record in November 2023 of 4.16 MMb/d, the first time the province's output has surpassed the 4 MMb/d threshold. Anecdotal information for December suggests another record might be on tap for the final month of 2023.
- Analyst Insight
Alberta Crude Oil Production Pushes to Record High in November
Alberta reached record oil output at 4.20 MMb/d in November 2024 driven by increases in synthetic crude oil and conventional light crude oil. Is another record on the way for December?
- Analyst Insight
Alberta Crude Oil Sets Monthly and Annual Production Records
Alberta set a new monthly oil production record in December 2024 and a new annual production record for 2024.
