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Old 10-23-2020, 08:19 AM   #5628
Suave
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Curtailments look to be done, or at least put on hold. Should hopefully help get more work going in the patch, espically in the Lloyd/Bonnyville areas.

Alberta to scrap oil production limits in December with demand for heavy oil poised to rise

The Alberta government said Friday it would stop setting monthly oil production limits to allow producers to utilize available pipeline capacity.

The provincial government said in a statement that while it will extend its regulatory authority to curtail oil production through December 2021, it will not set production limits due to 16 per cent of Alberta’s crude oil production remaining offline, down from 22 per cent at the start of the COVID-19 pandemic. The government said it does not plan to resume production limits at this time.
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