Canadian Gas Production, Exports to US Rebound

Canadian natural gas production has been on the rebound in recent days thanks to precipitation and continued cooler weather, which has helped firefighting efforts in Alberta's oil and gas country.
Modeled Canadian gas production climbed to an estimated 495.5 million cubic meters per day on May 26, as output edges up to its highest over the past two days since the widespread outbreak of Alberta's wildfires in early May, S&P Global Platts reported.
After slumping to just 441.6 mcm/d earlier this month, Canadian gas production has rebounded sharply this week but continues to trend about 28.3 mcm/d, or roughly 5%, below its prior year-to-date average of around 523.5 mcm/d.
Over the past five days, high temperatures in Calgary have dipped to the mid- to upper 60 degrees Fahrenheit, with overnight lows averaging just above 45 degrees, down from 80F earlier this month.
Currently, just 51 active wildfires are burning in Alberta with 14 classified as out of control, data from Alberta's ArcGIS Wildfire Status dashboard showed on May 26. Just over one week ago, 90 wildfires were still burning across the province.