Using data compiled in RBN’s Canadian NatGas Billboard report, we estimate that natural gas production in Western Canada reached a record daily high of 18.83 Bcf on December 10 (red dashed oval in top chart below), capping off a recent run of strong daily production data in early December. The prior daily record was on October 16 at 18.71 Bcf (black dashed oval). The recent production strength is likely tied to producers ramping up their winter drilling and well tie-in activities as part of wrapping up fourth quarter capital spending programs and meeting year-end production targets.
Featured Articles
- Analyst Insight
Western Canadian Natural Gas Production Ends 2023 With a Bang
Western Canada's natural gas production ended 2023 with a bang, posting nine of the top 10 days for gas output in the final nine days of the year.. Average annual production in 2023 was a record 17.92 Bcf/d.
- Blog
I Can't Help Myself - Why Western Canada's Natural Gas Production Has Been Hitting Multi-Year Highs
With natural gas prices reaching levels not seen in seven years, Western Canada is doing all it can to help increase gas supply, with recent data showing monthly production hitting multi-year highs. Moreover, Canadian forward gas prices are at the highest levels since 2014, gas pipeline expansions are in place or being constructed to accommodate future supply expansion, and gas-focused drilling activity remains strong — all of which may as well be a prescription for sending gas production to record levels later this year and in 2022. In today’s RBN blog, we provide an update on the recent gas production growth in Alberta and neighboring provinces and why more growth is coming.
- Analyst Insight
Western Canadian Natural Gas Sets Record for March Production
Natural gas production in Western Canada is still holding strong through the end of March 2024.
