"On any given day, I think the situation's pretty dynamic," said ATB Capital Markets analyst Patrick O'Rourke. lowered its second-quarter production guidance as a result of the wildfire situation, saying it now expects production in the second quarter of the year to average 80,000 to 83,000 boe/d, down from a previous forecast of 84,000 to 86,000 boe/d. which has temporarily curtailed approximately 45,000 boe/d in the Grande Prairie and Kaybob regions of Alberta - and Baytex Energy Corp., which has curtailed approximately 24,000 boe/d due to its own shut-ins as well as third-party interruptions. Other affected producers include Paramount Resources Ltd. said it has once again shut in its entire production in the Kaybob Duvernay area, representing 45,000 barrels of oil equivalent per day (boe/d), after previously reactivating a portion of that production last week. There are currently 87 active wildfires in Alberta, 24 of which are out of control. "Our number one priority is the safety of our staff and our contractors and their families.” They’re trying to take care of their families, moving their families out of their homes, into temporary housing," he said. While none of the company's infrastructure has been damaged, Fagerheim said in some regions, flames have been "within a road allowance" of Whitecap's operations. John, B.C., which is under an evacuation alert, the company's operations are running on back-up power because more than 100 power poles have burned down, Fagerheim said. Other employees are working long days in hot, smoky conditions to ensure the safety of infrastructure and equipment. The company now has approximately 27,000 barrels per day of production curtailed, and Fagerheim said he estimates that hundreds of the company's employees and contractors have either been evacuated or are prepared to evacuate. It restarted some of its operations this week as cooler temperatures and rain brought relief in some areas, but conditions worsened again on Tuesday. The company first moved to temporarily shut in 12,000 barrels per day of production on May 5, then increased that to 40,000 last Sunday.
Whitecap has drilling operations across central and northern Alberta and into northeast B.C., and Fagerheim has spent the last 10 days assessing and reacting as existing fires move and spread and new blazes pop up in other locations. "But we're living in real time right now." You're in constant communication with your field supervisors," Fagerheim said. Volatility caused by shifting winds and changing temperature conditions, combined with the sheer size of the geographic area affected, is making it hard even for companies that are directly affected to get a good read on the situation, said Grant Fagerheim, president and CEO of Whitecap Resources Inc. CALGARY - Some oil and gas companies in Alberta are once again shutting in production as hot and dry conditions exacerbate the wildfire situation in the energy-producing province.
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