Alberta lifts allowable oil output r...

Alberta is raising allowable oil production in the province by 10,000 b/d in November and December from the October level.

The government imposed output cuts totaling 325,000 b/d at the beginning of the year in response to pipeline congestion lowering oil values at points of production (OGJ Online, Dec. 3, 2018).

New production caps will be 3.8 million b/d in November and 3.81 million b/d in December.

The October limit was 3.79 million b/d.

January’s production limit was 3.56 million b/d.

The government updated the curtailment policy in August to raise the production rate exempt from limits to 20,000 b/d from 10,000 b/d.

The move dropped to 15 from 29 the number of producers affected by curtailment.

Also in August, the government extended the curtailment, initially to have ended at yearend, through 2020 (OGJ Online, Aug. 21, 2019).