![]() Use of this information and other information (collectively the "content") is governed by the terms and conditions set ("Terms of Use"). The information (including data) contained herein was collected and is maintained by the Alberta Energy Regulator (AER). Table S4.1 shows the crude oil production and wells placed on production in 20 and includes forecasts to 2032. Producers are increasingly commercializing formations with large volumes of light and ultra-heavy crude oil, such as the Cardium Formation, Montney Formation, and Mannville Group, because of the price premium on light oil and relatively economic ultra-heavy oil production. Also, well performance increased because most new wells were horizontal wells completed using hydraulic multistage fracturing and benefitted from improved technology and drilling advancements for new connections (higher initial productivity and lower decline rates) (see the well activity page).Ĭrude oil production in 2022 consisted of (by density light to heavy) The rise in the number of new wells supported the increase in production. In 2022, production increased to 77.3 thousand cubic metres (10 3 m 3/d), 486.4 thousand barrels per day (10 3 bbl/d), in response to higher oil prices. Emerging Resources Emerging Resources Sub Menu.Pipelines and Other Infrastructure Pipelines and Other Infrastructure Sub Menu.Natural Gas Liquids Natural Gas Liquids Sub Menu.Prices and Capital Expenditure Prices and Capital Expenditure Sub Menu.Low Permeability and Shale Area Assessment.Public Sector Compensation Transparency Act.Thermal In Situ (TIS) Water Publication.Field Surveillance Incident Inspection List.Core and Drill Cutting Material Sampling.The United States accounts for 18.9 percent of global crude oil production, making it the largest oil producing country in the world. Active In Situ Scheme Approval Well List Global oil production share 2022, by country.Private Surface Agreements Registry Forms.Environmental Protection and Enhancement Act Forms.Oil and Gas Sites Reclamation Requirements. ![]() Contamination Management Policy And Guidelines.Suspension and Abandonment Expand Sub Menu.Liability Management Rating and Reporting.Holistic Assessment and Licensee Capability Assessment.Addressing Legacy and Post-closure Sites.Liability Management Programs and Processes Expand Sub Menu.Compliance and Enforcement Tools Expand Sub Menu.Regulatory Appeal Process Expand Sub Menu.Condition Management for AER Hearing Decisions.Environmental Protection and Enhancement Act.Application Legislation Expand Sub Menu. ![]()
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