Alberta Water/Steam Ratio

2023

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	2.22	2.30	2.46	2.51	2.09	---	---	---	---	---	---	---	2.32
Greenfire Hangingstone Operating Corporation	Hangingstone Pilot	0.98	1.33	1.27	1.30	1.25	---	---	---	---	---	---	---	1.23
Athabasca Oil Corporation	Leismer Demonstration	1.20	1.17	1.21	1.20	1.19	---	---	---	---	---	---	---	1.19
Husky Energy Inc.	Tucker	1.17	1.15	1.19	1.13	1.17	---	---	---	---	---	---	---	1.16
Japan Canada Oil Sands Limited	Hangingstone	1.21	1.18	1.12	1.11	1.15	---	---	---	---	---	---	---	1.15
MEG Energy Corp.	Christina Lake	1.14	1.15	1.14	1.18	1.16	---	---	---	---	---	---	---	1.15
Canadian Natural Resources Limited	Jackfish	1.09	1.08	1.11	1.15	1.14	---	---	---	---	---	---	---	1.11
Canadian Natural Resources Limited	Primrose & Wolf Lake	1.09	1.08	1.11	1.18	1.05	---	---	---	---	---	---	---	1.10
ConocoPhillips Canada Limited	Surmont	1.09	1.09	1.10	1.07	1.10	---	---	---	---	---	---	---	1.09
Cenovus Energy Inc.	Christina Lake	1.06	1.07	1.09	1.13	1.09	---	---	---	---	---	---	---	1.09
Cenovus Energy Inc.	Foster Creek	1.05	1.02	1.03	1.09	1.06	---	---	---	---	---	---	---	1.05
International Petroleum Corporation	Blackrod	1.00	1.00	1.00	0.99	1.17	---	---	---	---	---	---	---	1.03
Athabasca Oil Corporation	Hangingstone	1.04	1.05	1.03	1.01	1.01	---	---	---	---	---	---	---	1.03
Connacher Oil and Gas Limited	Great Divide	1.04	0.99	0.98	1.09	1.03	---	---	---	---	---	---	---	1.03
CNOOC Limited	Long Lake	1.13	1.06	1.03	1.00	0.88	---	---	---	---	---	---	---	1.02
Husky Energy Inc.	Sunrise	1.02	0.96	1.02	1.06	1.03	---	---	---	---	---	---	---	1.02
Canadian Natural Resources Limited	Kirby South	0.99	0.98	1.02	1.02	1.05	---	---	---	---	---	---	---	1.01
Suncor Energy Inc.	Firebag	0.95	1.01	1.02	1.04	1.04	---	---	---	---	---	---	---	1.01
Osum Oil Sands Corp.	Orion	1.01	0.99	1.01	1.01	1.03	---	---	---	---	---	---	---	1.01
Pengrowth Energy Corporation	Lindbergh	0.98	1.01	0.96	1.04	1.02	---	---	---	---	---	---	---	1.00
Imperial Oil Limited	Cold Lake	1.01	1.02	0.97	1.01	0.99	---	---	---	---	---	---	---	1.00
Sunshine Oilsands Ltd.	West Ells	0.93	1.00	0.97	0.99	0.94	---	---	---	---	---	---	---	0.97
Suncor Energy Inc.	Mackay River	0.96	0.98	0.92	1.02	0.93	---	---	---	---	---	---	---	0.96
Harvest Operations Corp.	BlackGold	0.82	0.95	0.96	0.92	0.95	---	---	---	---	---	---	---	0.92
PetroChina Canada	Mackay River	0.89	0.88	0.88	0.94	0.92	---	---	---	---	---	---	---	0.90
Everest Canadian Resources Corp.	STP McKay	0.89	0.77	---	---	---	---	---	---	---	---	---	---	0.83

Source: AER(Alberta Energy Regulator)