Monday, January 13, 2014

Canadian NG Production

With the vast majority of Canadian gas drilling activity occurring in Alberta, the field receipts from Transcanada Pipeline in AB are a good approximation of total western Canadian production.

The fact that the Canadian rig count has been trending higher for some time, in contrast to the US count, could portend a divergence in the production trend as well.  No great indication of this yet, but the 2014 dailies are running a little higher than '13.

Look at both.  Canadian Gas Rig Count has been running around +50 for 2H of 2013.  Production has been steady, though recent volumes are slightly higher YOY.