Crude oil and natural gas: Supply and disposition, May 2015
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Canada produced 16.7 million cubic metres of crude oil and equivalent products in May, down 6.2% from the same month a year earlier.
Production of crude oil declines
The decline in the production of crude oil and equivalent products in May compared with the same month a year earlier was led by synthetic (-14.9%), light and medium (-15.5%) and heavy crude oil (-8.5%). The decrease in synthetic crude oil to 3.5 million cubic metres was in part the result of maintenance shutdowns at two Alberta upgrading facilities. These declines were partially offset by a 3.9% increase in crude bitumen production to 6.1 million cubic metres.
Exports edge higher
Despite the decline in production, total exports of crude oil and equivalent products for May edged up 1.0% from the same month in 2014 to 14.2 million cubic metres. At the same time, imports of crude oil and equivalent rose by 8.4% to 3.0 million cubic metres.
Inventories edge down
Inventories of crude oil and equivalent products edged down 1.6% from the same month a year earlier to 18.1 million cubic metres in May. Closing inventories from transporters (pipeline companies) declined 2.8% to 15.7 million cubic metres, while closing inventories from fields and plants increased 6.3% to 2.4 million cubic metres.
Marketable natural gas increases
Canadian natural gas utilities received 11.7 billion cubic metres of total marketable gas in May, up 2.3% from the same month in 2014. At the same time, exports of natural gas by pipeline to the United States from Canada rose 1.5% to 6.1 billion cubic metres, while imports of natural gas were down 12.7% to 1.2 billion cubic metres.
Additional information on natural gas is available in The Daily release "Natural gas transportation and distribution" published on July 30, 2015.
Note to readers
Data are subject to revision.
Data for 2013, 2014 and 2015 for propane, butane and condensate have been revised.
The Crude Oil and Natural Gas survey uses respondent data as well as administrative data provided by federal, provincial and territorial authorities responsible for the regulation of crude oil and natural gas production in the provinces and territories within their respective jurisdictions.
Export data are a combination of National Energy Board and survey data reported by respondents.
Import data include only imports of crude oil to refineries.
Except for crude oil production, all crude oil numbers include crude oil, condensate and pentanes plus.
Total marketable gas includes gas received from fields and processing or reprocessing plants after re-injection, field uses, processing plant and reprocessing plant shrinkage, plant use and losses have been deducted.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; firstname.lastname@example.org) or Media Relations (613-951-4636; email@example.com).
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