Calgary-based Canadian Natural Resources Ltd. achieved record natural gas production during 2023, up 3% year/year and 5% higher during the final three months of the year. 

Besides breaking gas production records, with an average 2.23 MMcf/d in 4Q2023 and 2.15 Bcf/d for the year, the explorer also topped previous oil output records.

During a conference call last Thursday to share the results, CFO Mark Stainthorpe said the strategy this year is to build reserves at a steady pace, in line with oil pipeline expansions and as the startup of the LNG Canada export project moves closer.

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