PrairieSky Royalty Ltd. reported production results for the fourth quarter and full year ended December 31, 2023. Quarterly average royalty production volumes of 25,608 BOE per day, which included record oil royalty production volumes of 12,844 barrels per day.

For the year 2023, Royalty production volumes averaged 24,857 BOE per day, flat year over year, as increased oil royalty production volumes were offset by lower natural gas royalty volumes which were negatively impacted during the year due to facility maintenance downtime and forest fire related shut-ins. Average oil royalty production volumes reached a record 12,438 barrels per day, 6% higher than 2022.