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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 September 2020, oil production in Saskatchewan decreased by 9.2% compared to September 2019.
  • Comparing September 2020 to September 2019, all regions had a decrease in production. Lloydminster production declined by 0.7%, Swift Current by 13.8%, Estevan by 13.5%, and Kindersley decreased by 14.1%. 
  • Comparing September 2020 to September 2019, light oil production declined by 16.2%, medium declined by 10.3% and heavy declined by 2.2%.

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: November 25, 2020 Next Update: December 22, 2020

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