Alberta wildfires threaten Canadian Natural, Imperial, and MEG Energy oil rigs

OilPrice.com reported on Thursday that nearly 20 new wildfires have occurred across Alberta in the past 24 hours, threatening oil production of 0.4 million barrels or more per day, mainly on the south side of Fort McMurray, the center of the oil sands.

One 7-acre wildfire is within 10 km of the MEG Energy (OTCPK: MEGEF) Lake Christina mining area, which produced close to 0.1 million barrels per day in May, the other is within 10 km of the Cold Lake mining area of Imperial Oil (IMO), which produces 0.01 million9000 barrels/day, and the third is close to Canadian Natural Resources (NYSE: CNQ) Kirby oil sands It has been reported.

According to Bloomberg, the fire boosted heavy crude oil prices in Canada, and the discount for West Texas Intermediate, which is the benchmark for Western Canadian Select, was reduced from $14 per barrel on Tuesday to $13.10 per barrel on Wednesday.

Cenobus Energy (CVE) withdrew some workers from the Sunrise Oil Sands site, and Imperial Oil (IMO) withdrew unnecessary and urgent workers from the Carell Oil Sands site due to the effects of the same wildfires, Sanko Energy (SU) cut production from the firebag site 2 weeks ago, and reduced production volume at the facility that produced 0.23 million1,000 barrels per day in May.