The government of Alberta is easing the production cut in effect since Jan. 1 to address historic price discounting due to pipeline congestion (OGJ Online, Dec. 3, 2018).
Saying it is responding to “new storage data,” the province will allow production to increase to 3.63 million b/d in February and March from the January limit of 3.56 million b/d.
The January limit reflected a cut of 325,000 b/d.
“We’re not out of the woods yet, but this temporary measure is working,” said Premier Rachel Notley. “While it hasn’t been easy, companies big and small have stepped up to help us work through this short-term crisis while we work on longer-term solutions, like our investment in rail and our continued fight for pipelines.”