Oil Production

Saskatchewan is the second largest oil producer in Canada and the sixth largest in North America. In 2015, the province produced 486,000 barrels of oil per day and shipped about 65% of that production to the United States.

The province has estimated oil reserves of almost 1.2 billion barrels, refining and upgrading capacity, and an extensive network of pipelines. Saskatchewan is home to a significant portion of the Bakken Formation, one of the largest conventional oil plays in North America.

Source: Ministry of Energy and Resources

Highlights

  • In February 2022, oil production in Saskatchewan increased by 3.4% compared to February 2021.
  • Comparing February 2022 to February 2021, Estevan production decreased by 1.3%, Swift Current production decreased by 8.8%, Kindersley production increased by 6.8% and Lloydminster production increased by 8.9%.
  • Comparing February 2022 to February 2021, light oil production increased by 0.4%, medium decreased by 3.8% and heavy increased by 8.6%.

More information on the Ministry of Energy and Resources' oil and gas statistics can be found here.

Note:  By Type, Production volumes do not contain Recovered Crude Oil volumes. Total Production volumes and By Area Production volumes contain Recovered Crude Oil volumes since Mar 2012.

Source: Ministry of Energy and Resources

Source: Ministry of Energy and Resources

Released: April 25, 2022

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