The 1994–95 Edmonton Oilers season was the Oilers' 16th season in the NHL, and they were coming off a tough 1993–94 season, when they finished the year 25–45–14, failing to qualify for the playoffs for the 2nd straight season. The 1994–95 season was nearly cancelled due to a lockout, however, on January 11, 1995, an agreement was made between the NHL owners and the players, and a shortened 48 game schedule was used for the season.