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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 June 2020, oil production in Saskatchewan decreased by 14.1% compared to June 2019.
  • Comparing June 2020 to June 2019, all regions had a decrease in production. Lloydminster production declined by 8.5%, Swift Current by 8.5%, Estevan by 17.1%, and Kindersley decreased by 20.7%. 
  • Comparing June 2020 to June 2019, heavy oil production declined by 15.1%, light declined by 14.8% and medium declined by 10.4%.

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: September 01, 2020 Next Update: October 01, 2020

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