Western Canadian Natural Gas Production Holds Strong in February

Using data from RBN’s Canadian NatGas Billboard report, Western Canadian natural gas production rebounded strongly in February (red dashed rectangle in chart below) from wellhead-freeze-off affected lows in January. Daily output levels consistently held above 18.5 Bcf/d, almost on par with several daily record values that were recorded in December 2023 (black dashed rectangle). February production averaged 18.75 Bcf/d and is the second highest monthly average on record, barely surpassed by the December 2023 average of 18.79 Bcf/d. With gas focused drilling and wellhead tie-in activity that remained at or above historical ranges for all of February, it comes as no surprise that the month has come close to setting a new high for gas production.