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Alberta Tightens Grip on Oil Output; Ups and Extends Restrictions

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   |    Wednesday,August 21,2019

The Canadian province of Alberta has increased and extended its oil curtailments, according to multiple reports.

The limit has been doubled to 20,000 barrels per day (per producer) and the program will be extended through year-end 2020.

These new rules have been set in an effort to combat the oversupply the region is experiencing. A number of Canadian E&Ps will be affected by the ruling, including:

Company Name

Production (bbl/d)

Q2 2019

CNRL(Canada Operations) 719,165
Suncor 692,700
Imperial 375,000
Cenovus 349,877
Husky (Canada) 156,700
Crescent Point 134,951
Whitecap 55,155
Baytex (Canada Ops)  27,230
TORC  23,534

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