Big Gains for Rubellite Energy: What's Powering Calgary's Economy Forward
Calgary's economic engine is roaring! Rubellite Energy Corp. just posted a sensational third quarter 2025, with sales production skyrocketing by an incredible 104% year-over-year to an average of 12,122 barrels of oil equivalent per day (boe/d). This robust growth, driven by 11 new heavy oil wells at Figure Lake and Frog Lake, highlights the enduring strength of our city's energy sector.
These impressive numbers contribute to Calgary's overall economic resilience, which is projected to outperform both Alberta and Canada in 2025, even amidst a rapidly growing population. Rubellite's expansion efforts are also clear, with the Figure Lake gas plant's capacity increasing to approximately 5.9 to 6.4 MMcf/d, an upgrade completed in August 2025. CEO Susan Riddell Rose remains optimistic about maintaining high operational efficiencies, signaling continued growth for the company and, by extension, our city.
This isn't an isolated incident; other Calgary-based giants like Cenovus and Suncor also reported significant Q3 2025 production results, showcasing a dynamic and thriving energy landscape right here in the heart of the prairies. While Calgary champions diversification into tech and clean energy, traditional powerhouses like Rubellite continue to drive our prosperity forward.
