Natural gas production in Western Canada set a new single day record of 20.2 Bcf on November 2 (blue text and arrow in chart below). The latest peak comes after a rapid build up underway since early October and capitalizes on a time of year when records have typically been achieved. Based on data from RBN’s Canadian NatGas Billboard, the latest record is part of a four day streak since the start of November of output levels at or above 20.0 Bcf. The latest run casts aside the single day prior record at 20.0 Bcf reached on April 13 (black text and arrow), after which production levels slowly decreased over the course of the spring and summer.
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- Analyst Insight
Reach for the Top — Western Canada Sets Monthly Gas Production Record
Western Canada's natural gas production set a monthly record of 20.2 Bcf/d in November as previously shut-in wellheads were reactivated and new wells were brought into service.
- Blog
Till There Was You – Ovintiv Ramps Up Montney Exposure with Acquisition of NuVista Energy
Ovintiv, one of Western Canada’s largest natural gas and condensate producers, has upped its Montney position with a takeover of rival NuVista Energy, continuing the recent consolidation trend.
- Analyst Insight
Ontario Gas Storage in Good Shape for Start of the Heating Season
Ontario gas storage has nicely recovered since the summer to stand just a few Bcf below last year's levels and well stocked ahead of the heating season.
