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Alberta Water/Steam Ratio

2026


Commercial Schemes

Company Field Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Monthly Average
Canadian Natural Resources Limited Peace River/Carmon Creek 1.71 1.77 1.53 1.49 1.46 1.33 --- --- --- --- --- --- 1.55
Canadian Natural Resources Limited Jackfish 1.26 1.29 1.26 1.27 1.36 1.34 --- --- --- --- --- --- 1.30
Cenovus Energy Inc. Christina Lake 1.25 1.25 1.24 1.23 1.28 1.29 --- --- --- --- --- --- 1.26
ConocoPhillips Canada Limited Surmont 1.18 1.22 1.24 1.25 1.30 1.30 --- --- --- --- --- --- 1.25
International Petroleum Corporation Blackrod 1.08 1.13 1.11 1.40 1.41 1.22 --- --- --- --- --- --- 1.23
Cenovus Energy Inc. Christina Lake 1.18 1.12 1.19 1.20 1.24 1.22 --- --- --- --- --- --- 1.19
Strathcona Resources Ltd. Tucker 1.11 1.12 1.21 1.12 1.12 1.21 --- --- --- --- --- --- 1.15
Canadian Natural Resources Limited Kirby South 1.11 1.11 1.12 1.14 1.17 1.18 --- --- --- --- --- --- 1.14
Athabasca Oil Corporation Leismer Demonstration 1.12 1.13 1.11 1.11 1.22 1.12 --- --- --- --- --- --- 1.14
Suncor Energy Inc. Firebag 1.12 1.10 1.11 1.13 1.06 1.19 --- --- --- --- --- --- 1.12
Connacher Oil and Gas Limited Great Divide 1.08 1.11 1.13 1.09 1.11 1.09 --- --- --- --- --- --- 1.10
Cenovus Energy Inc. Foster Creek 1.09 1.08 1.09 1.10 1.09 1.15 --- --- --- --- --- --- 1.10
Strathcona Resources Ltd. Orion 1.03 1.03 1.08 1.23 1.16 0.95 --- --- --- --- --- --- 1.08
Husky Energy Inc. Sunrise 1.00 1.07 1.16 1.07 1.06 1.07 --- --- --- --- --- --- 1.07
Greenfire Resources Operating Corporation Hangingstone Pilot 1.11 1.15 1.11 1.06 1.02 0.98 --- --- --- --- --- --- 1.07
Imperial Oil Limited Cold Lake 1.01 1.03 1.03 1.07 1.13 1.13 --- --- --- --- --- --- 1.07
Athabasca Oil Corporation Hangingstone 1.06 1.06 1.07 1.05 1.05 1.07 --- --- --- --- --- --- 1.06
Greenfire Resources Operating Corporation Hangingstone 0.92 0.99 1.05 1.11 1.09 1.14 --- --- --- --- --- --- 1.05
Devon Canada Corporation Pike 1.08 1.05 1.02 0.98 1.04 0.98 --- --- --- --- --- --- 1.03
Harvest Operations Corp. BlackGold 0.98 0.96 0.99 1.00 1.01 1.05 --- --- --- --- --- --- 1.00
Suncor Energy Inc. Mackay River 0.96 0.97 0.97 0.98 0.98 0.97 --- --- --- --- --- --- 0.97
PetroChina Canada Mackay River 0.91 0.98 0.94 0.90 1.18 0.76 --- --- --- --- --- --- 0.95
CNOOC Limited Long Lake 0.91 0.90 0.92 0.91 0.98 0.99 --- --- --- --- --- --- 0.94
Strathcona Resources Ltd. Lindbergh 0.90 0.91 0.87 0.92 0.96 1.02 --- --- --- --- --- --- 0.93
Cenovus Energy Inc. Narrows Lake 0.81 0.97 0.96 0.95 0.93 0.95 --- --- --- --- --- --- 0.93
Canadian Natural Resources Limited Primrose & Wolf Lake 0.90 0.93 0.89 0.90 0.92 0.99 --- --- --- --- --- --- 0.92
BlackPearl Resources Inc. Blackrod 0.91 0.79 0.65 0.73 0.79 0.90 --- --- --- --- --- --- 0.80
Grizzly Oil Sands Ulc Algar Lake --- --- --- 0.35 0.22 0.99 --- --- --- --- --- --- 0.52

Source: AER(Alberta Energy Regulator)