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  1. 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.

  2. 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 ...

  3. Oct 2, 2024 · Conventional and non-conventional oil produced in Alberta. Non-conventional oil includes both unprocessed bitumen and synthetic oil. On this page: Alberta Type API.

  4. 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 ...

  5. 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.

  6. Description: This graph shows hydrocarbon production in Alberta from 2013 to 2023. Over this period, crude oil production has grown from 2.8 MMb/d to 4.3 MMb/d, with almost all growth coming from the oil sands. Natural gas production has increased from 9.7 Bcf/d to 10.9 Bcf/d. Figure 2: Electricity Generation by Fuel Type (2021) Source and ...

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  8. Alberta Energy Regulator ST98: 2021 CAPITAL EXPENDITURES Oil sands investment (Cdn $7.2 billion) 27% Oil & gas investment (Cdn $10.2 billion) 31% Total investment (Cdn $17.4 billion) 30% Total value of production (Cdn $56 billion) 32% CRUDE BITUMEN (236.5 10 3 m /d) Mineable production In situ production (237.2 103 m3/d) 4% 4% 8 Number of ...

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