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Factbox: Alberta wildfire shuts in at least 2% of Canadian energy production

May 8, 2023
in Market & News
Reading Time: 5 mins read
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Factbox: Alberta wildfire shuts in at least 2% of Canadian energy production
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May 8 (Reuters) – Canada’s main oil-producing province Alberta on Saturday declared a provincial state of emergency due to wildfires, shutting in at least 185,000 barrels of oil equivalent per day (boepd), or about 2% of the country’s output.

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

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Most of the reductions on Sunday were on pipes from Canada to the U.S. Midwest, including Enbridge Inc (ENB.TO), Pembina Pipeline Corp’s (PPL.TO) Alliance pipe, TC Energy Corp’s (TRP.TO) Great Lakes pipe, Northern Border pipe and its Gas Transmission Northwest pipe.

Following are the energy companies whose operations have been impacted due to wildfires.

Paramount Resources Ltd (POU.TO)

Paramount said its operations in the Grande Prairie and Kaybob regions were impacted by the wildfires.

It added that about 50,000 boepd of production has been temporarily curtailed since the evening of May 5.

Crescent Point Energy Corp (CPG.TO)

Crescent Point said about 45,000 boepd of production in the Kaybob Duvernay region has been temporarily shut in with a plan to restart production once safe and permitted to do so.

The company added that no damage has been reported to its assets.

NuVista Energy Ltd (NVA.TO)

The company said it has temporarily shut in and depressured all operations proximal to the ongoing fires in the Grande Prairie region. The temporary production impact is about 40,000 boepd.

Vermilion Energy Inc (VET.TO)

Vermilion Energy said it had temporarily shut in about 30,000 boepd of production and that it was assessing the risk to its operations.

“Our assessment to date indicates minimal damage to our key infrastructure,” it said.

Pipestone Energy Corp (PIPE.TO)

Pipestone said its operations in the Grande Prairie area are being impacted by the ongoing wildfires and about 20,000 boepd of production has been temporarily curtailed since the evening of May 5.

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

Kiwetinohk Energy Corp (KEC.TO)

Kiwetinohk said it had safely shut in the majority of its Placid operations in response to downstream third-party interruptions that are in proximity to the Alberta wildfires.

Tourmaline Oil Corp (TOU.TO)

The company said it has evacuated and shut down nine South and West Deep Basin gas processing facilities. Tourmaline said it was not aware of any damage to those facilities to date, and access to the sites is currently prohibited.

Cenovus Energy Inc (CVE.TO)

Cenovus said it has shut-in production and brought plants down in some areas of its conventional business.

Whitecap Resources Inc (WCP.TO)

The company said there was no significant damages to Whitecap’s infrastructure, however, production has been impacted by downstream third-party interruptions and proactive shut-in of production in close proximity to the wildfires.

Reporting by Arunima Kumar in Bengaluru; Editing by Anil D’Silva

Our Standards: The Thomson Reuters Trust Principles.

Credit: Source link

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