The Oil & Gas Industry is Active Across Canada

Alberta

In the 2017/2018 fiscal year, industry made $5 billion in payments to the Alberta government for use of its oil and gas resources – 7% of the government’s total revenue
Over the last decade, $77 billion in royalty payments were made by industry to the provincial
In 2017, 10.4 billion cubic feet of marketable natural gas was produced every day
In 2017, 446,000 barrels of conventional oil were produced every day
In 2017, the oil sands produced 2.7 million barrels of oil per day, contributing to the 92.6 million barrels produced worldwide.

British Columbia

Home to the Montney and Horn River natural gas basins, estimated to hold up to 349 trillion cubic feet of ultimate market natural gas – the main sources for the proposed $40 billion BC LNG project
In 2016, a total of $380 million was paid by industry in royalties and crown land sales to the provincial government for use of oil and natural gas resources
In 2016, industry spent $2.5 billion on exploration and development of oil and natural gas
In 2017, 4.7 billion cubic feet of marketable natural gas was produced every day
In 2017, 21,000 barrels of crude oil was produced every day

Saskatchewan

Saskatchewan has around 7 billion barrels of crude oil and around 9.5 trillion cubic feet of natural gas. To date, about 6 billion barrels of oil and 7.2 trillion cubic feet of natural gas have been produced
Is the second largest oil producer of all Canadian provinces and territories, making up 12% of Canada’s total oil production
In 2017, the province produced 485,000 barrels per day of crude oil
In 2017/2018 fiscal year, nearly $721 million in royalties was paid by the petroleum industry into government coffers for use of its oil and gas resources
In 2016, industry spent about $2.8 billion on oil and gas exploration and development

Newfoundland & Labrador

Home to significant offshore crude oil deposits with 4 major projects including Hibernia, Hebron, Terra Nova and White Rose
Produces about 250,000 barrels of oil per day from these offshore projects
In 2016, industry spent $5.4 billion on exploration and development of oil and natural gas
In 2017/2018, an estimated $920 million will be paid to the provincial government in royalties from offshore oil production
In 2018/2019, an estimated 16% of total provincial revenues will come from oil royalties
Bay du Nord, a new reserve with an estimated 300 million barrels of oil, is the first remote deepwater project to be approved, with first production projected in 2025

Nova Scotia

The first offshore well was drilled in 1967, with the first offshore discovery at Sable Island in 1971. Since then, about 23 major discoveries have been made from 127 wells drilled.
Estimates of offshore reserves by the provincial government is 120 trillion cubic feet of gas and 8 billion barrels of oil
Between 2000 – 2016, approximately $2 billion in royalties was paid to the provincial government by industry
Over the past two decades, there’s been about $8.5 billion in capital spending by the industry

New Brunswick

New Brunswick is home to approximately 77.9 trillion cubic feet of technically recoverable natural gas
In 2017, approximately 3.2 million cubic feet of marketable natural gas was produced every day
There’s currently 32 total natural gas wells being produced in the province
In total, there’s 302 oil and natural gas wells drilled in various locations throughout the province
A total of 121,379 hectares have been leased for oil and gas exploration and development

Manitoba

Has managed to increase its production of crude oil by nearly four-times since the turn of the century – currently produces about 40,000 barrels per day
In 2016, a total of $250 million was paid by industry on exploration and development of oil and natural gas
Is the 4th largest crude oil producer among all provinces of Canada

Quebec

Quebec’s refining capacity is currently around 402,000 barrels per day
Around 400 companies across Quebec play a vital role in supplying the oil sands with much needed goods and services
Between 2017 and 2027, the oil sands will contribute about $45 billion to the economy of Quebec
Between 2017 and 2027, about $5 billion in taxes will be paid to the provincial government as a result of companies in the oil and gas sector operating across Canada

Ontario

Ontario’s refining capacity sits at 394,700 barrels per day, about 20% of Canada’s total capacity
Despite not producing much petroleum, there’s 2,385 producing oil and gas wells across the province.
In 2014/2015, Canada’s oil and gas sector spent $3.9 billion on goods and services from about 1,500 companies found across the province
From 2017 to 2027, about 12% of the total jobs created by Canada’s oil and gas industry will be in Ontario
From 2017 to 2027, a whopping $153 billion is expected to be contributed to the economy of Ontario
Around 1,600 companies across Ontario play an important role in supplying the oil sands industry with goods and services

Prince Edward Island

While the oil and gas industry in P.E.I. remains in its early stages of development, there are more than 1 million acres of land currently being used for exploration of oil and natural resources.
In 1943, the first offshore well in Canada was drilled off the coast of P.E.I.

Nunavut, Yukon & Northwest Territories

Nunavut, the Yukon and Northwest Territories is home to a vast amount of untapped crude oil and natural gas reserves.
As technology progresses along with higher commodity prices for petroleum, northern Canada is attracting more producers
Substantial exploration and development is currently underway, especially in the warmer southern areas of the three territories close to provincial borders
In 2016, the territories produced 9,000 barrels of conventional produced oil per day
In 2016, approximately 5.4 million cubic feet of natural gas was produced per day

Canada’s Oil & Natural Gas Industry Benefits Us All

While Alberta is home to the majority of oil and natural gas reserves in Canada, from the points above it’s clear that the oil and natural gas industry is operating in almost all provinces and territories and brings about economic benefits for almost all Canadians.

Today, Canada’s petroleum industry is under attack by special interest groups who spread misinformation about our nation’s most valuable industry.

As Canadians we owe it to ourselves, our children and grandchildren to speak up in support of Canadian-produced oil and gas as our prosperity today and for future generations is on the line!