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Forecast for 2024 to 2033. Based on the oil price forecast, total crude oil production is expected to increase from 81.4 10 3 m 3 /d (512.3 10 3 bbl/d) in 2023 to 91 10 3 m 3 /d (572.5 10 3 bbl/d) by 2026 as the number of new wells placed on production remains relatively elevated and producers are expected to take advantage of the Trans Mountain Pipeline Expansion.
Aug 11, 2021 · The upswing is the continuation of a long-term trend, with production now 86.2 per cent higher than it was in 2010, ATB Economics said. Alberta oil production over the first six months of 2021 was ...
Oct 18, 2021 · Oil production in Alberta over the first 8 months of 2021 totalled 865 million barrels for an average of 3.6 million barrels per day. This is the highest rate of production on record. The oil sands accounted for 86% of total production over this period. Year-to-date production in 2021 was 9% higher than in 2020 and 2% above 2019.
Oct 2, 2024 · Oil production. Conventional and non-conventional oil produced in Alberta. Non-conventional oil includes both unprocessed bitumen and synthetic oil. On this page: Alberta Type API.
Production: Crude oil production increased by 5% in 2023, averaging 81.4 thousand cubic metres per day (10 3 m 3 /d) or 512.3 thousand barrels per day (10 3 bbl/d). Crude oil, including bitumen and pentanes plus, accounted for 12% of total marketable oil production in Alberta. Number of wells: After a notable increase in 2022, the number of new ...
Nov 30, 2021 · Crude oil production in Alberta reached its highest level on record in October at 119 million barrels (3.84 million barrels per day).October’s output was about 2.7% higher than the previous monthly record set in January 2021.Production is also the highest it has ever been over the first 10 months of the year.At 1.09 billion barrels of output ...
May 18, 2022 · The Alberta oil sector has produced an annual average of 1.48% during the 3 years the UCP have been in power. That compares to an annual average of 8.95% during the first two years of this reporting period, which occurred under the NDP administration. All that being said, Alberta saw record exports in December, hitting 17.787 million m 3.
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