Despite soft prices and global market uncertainty, the province set a new April production record at 4 million barrels per day—up 2% from last year. Oil sands drove the gains, accounting for 84% of total output, while natural gas volumes also edged higher. With added takeaway capacity from TMX and LNG exports on the horizon, production momentum looks set to continue—though wildfire risks and cautious capital spending remain key variables.
Alberta Oil & Gas Production – April 2025 Update
🔹 Record Oil Output:
- Alberta produced 4.0 million b/d in April — a record for the month, up 2% YoY.
- YTD avg (Jan–Apr): 4.1 million b/d (vs. 3.9 million b/d in 2024).
- Oil sands = 84% of total production.
- 87% of oil was exported (to other provinces or internationally).
🔹 Market Context:
- Soft oil prices in April/May.
- Ongoing risks: U.S. trade policy uncertainty, OPEC+ supply increases, and wildfire disruptions.
🔹 TMX Pipeline Impact:
- TMX not yet at full capacity, but helping support modest production gains.
🔹 Natural Gas Trends:
- Gas production up ~2% YTD.
- Growth expected as LNG Canada ramps up and AI/data center electricity demand rises.
🔹 Outlook:
- Continued production growth, but capital spending likely to remain soft due to price and macroeconomic uncertainty.
