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 June 2021, oil production in Saskatchewan increased by 10.6% compared to June 2020.
  • Comparing June 2021 to June 2020, Estevan production increased by 1.3%, Swift Current production decreased by 11.6%, Kindersley production increased by 3.9% and Lloydminster production increased by 32.2%.
  • Comparing June 2021 to June 2020, light oil production declined by 6.7%, medium declined by 2.1% and heavy increased by 35.4%.

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: August 25, 2021

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