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Premier Notley announces mandatory Alberta production curtailment

December 2, 20186:11 PM BOE Report Staff0 Comments

Alberta Premier Rachel Notley announced a mandatory oil production curtailment of 325,000 bbl/d or 8.7% of total provincial production, beginning January 1, 2019.

The total production curtailment is approximately 75,000 bbl/d less than what many in the industry called for, and does not specify if there is a minimum production threshold per company for enacting the curtailment.

The premier said the law will be reviewed monthly.

More to come…

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