Using data from RBN’s Canadian NatGas Billboard report, Western Canadian natural gas production in March 2024 averaged 18.49 Bcf/d (dashed rectangle around rightmost column in chart below), a new high for this month and the fourth highest monthly average on record. March did fall a modest 0.18 Bcf/d from the February average of 18.66 Bcf/d (itself, the second highest monthly average) and a gain of 0.37 Bcf/d from a year ago. With gas producers traditionally wrapping up most of their winter gas drilling and well tie-in programs during March, it comes as no surprise that gas production remained relatively resilient during the month.
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- Analyst Insight
Western Canadian Natural Gas Production Holds Strong in February
Western Canadian natural gas production averaged the second highest level on record in February 2024 and has shown to outward signs of wilting under the pressure of very low natural gas prices - so far.
- Analyst Insight
New Natural Gas Production Record in Western Canada
Western Canadian natural gas production set a new record in early December near 19 Bcf/d, bringing 2023 year-to-date production growth to 0.54 Bcf/d. We currently expect additional growth in 2024 of 0.9 Bcf/d, but potential spending reductions by producers may undercut this estimate.
- 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.
