June 1, 2023

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Wildfires in Alberta shut down at least 3.7% of Canadian energy production

Wildfires in Alberta shut down at least 3.7% of Canadian energy production

(Reuters) – Canada’s major oil-producing province of Alberta on Saturday declared a provincial emergency due to wildfires, shutting down at least 319,000 barrels of oil equivalent per day (boepd), or 3.7% of the country’s production.

Canadian natural gas exports to the United States fell to 6.7 billion cubic feet per day on Sunday, the lowest level since April 2021, according to Refinitiv data.

Below are the energy companies whose operations have been affected by the wildfires.

Synophos Energy Company (CVE.TO)

Synovus said production of about 85,000 barrels of oil per day has been affected in the Rainbow Lake operating areas of Synovus, Kaibob-Edison, Elmworth, Apiti and Clearwater.

The company added that the production forecast for 2023 has not changed.

Paramount Resources Limited (POU.TO)

Paramount said its operations in the Grande Prairie and K-Pop areas were affected by the wildfires.

She added that about 50 thousand barrels per day of production has been temporarily reduced since the evening of the fifth of May.

Crescent Point Energy Corp (CPG.TO)

Crescent Point said about 45,000 bpd of production in the Kaybob Duvernay area was produced. Temporarily closed With a plan to reproduce as soon as it is safe and he is allowed to do so.

The company added that no damages to its assets had been reported.

NuVista Energy Ltd (NVA.TO)

The company said it has temporarily closed and removed all nearby operations due to the ongoing fires in the Grand Prairie area. The temporary production effect is about 40,000 bpd.

Canadian Natural Resources (CNQ.TO)

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The company said that about 39,000 barrels per day of production is temporarily suspended and added that oil sands mining has not been affected and continues with safe and steady operations.

Crimson Energy Corporation (VET.TO)

Scarlet Energy said she had it Temporarily It shut down about 30,000 b/d of production and was assessing risks to its operations.

“Our assessment so far indicates minimal damage to our key infrastructure,” she said.

Pipestone Energy Corp (PIPE.TO)

Pipestone said its operations in the Grande Prairie area have been affected by the ongoing wildfires and that production of about 20,000 barrels per day has been completed. Temporarily scale back Since the evening of May 5th.

The company said it was not aware of any significant damage or loss to its owned or third-party infrastructure.

BITEX Energy Company (BTE.TO)

The company said that due to the shutdown of third-party infrastructure in western, central and northwest Alberta, about 10,000 bpd of sales volumes were achieved. Reducing Since the evening of May 5th.

At the moment, about 60% of the cut volumes remain online and are produced in stock, the company said.

Pembina Pipeline Corp (PPL.TO)

The Canadian energy carrier said its Saturn 1 and 2 gas plants in the Saturn complex north of Hinton and the DuVernay complex, west of Fox Creek, were closed.

The company said the plants have a combined processing capacity of 443 million cubic feet per day and will be restarted as soon as it is safe.

Kiwetinohk Energy Corp (KEC.TO)

Kiwetinohk said it has safely shut down most of its quiet operations in response to third party outages downstream in close proximity to the wildfires in Alberta.

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Tourmaline Oil Corp. (TOU.TO)

The company said it had evacuated and closed nine gas processing facilities in the south and west of the deep basin. Tourmaline said it is not aware of any damage to these facilities yet, and access to the sites is currently prohibited.

Whitecap Resources Inc (WCP.TO)

The company said there was no significant damage to Whitecap’s infrastructure, however, and production has been affected by third party downstream and preemptive outages. secretive From production close to forest fires.

TC Energy Corp (TRP.TO)

The pipeline operator said that as a result of the bushfire tracks and proximity, it has shut down two compressor stations on the NOVA Gas Transmission Ltd (NGTL) system closest to the active bushfires in western Alberta.

TC added that late Sunday night, an additional compressor station on the system was shut down.

Peyto Exploration & Development Corp (PEY.TO)

The oil and gas producing company said it had closed two factories in the Brazo region as a precaution, but the fires did not damage major infrastructure.

Additional reporting by Arunima Kumar in Bengaluru; Editing by Anil D’Silva

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