Oil & Gas

73% of Canada’s petroleum production, drilling, and investment spending occurs in Alberta.

Central Alberta is located at the heart of the Western Canadian Sedimentary Basin (WCSB) and plays an integral role in Alberta’s energy sector by leveraging our location, space and skilled workforce and serving as headquarters for many drilling and service companies.

Oil Boom

Alberta has the third largest petroleum reserves in the world, after Saudi Arabia and Venezuela. The Alberta Energy Regulator forecasts that crude oil production from oil sands will increase 74% to 4.0 million barrels per day by 2024, up from 2.3 million barrels in 2014.

Servicing these immense reserves is no small task; Central Alberta plays an integral role in this industry by leveraging our location, space and skilled workforce and serving as headquarters for many drilling and service companies. With new oil sands construction cycles, demand is only projected to grow.

Machinery for Oil & Gas

Oil & gas machinery manufacturing accounts for over $300 million of the region’s manufacturing shipments. As Alberta’s hub for oilfield production services, Central Alberta plays a key role in the future of the oil and gas industry.

Transport of Oil & Gas

With 403,000 km of pipelines, Alberta has one of the world’s most extensive pipeline systems in place. There are many more pipelines currently under construction or proposed that will drastically increase access to international markets.

Liquid Pipes

Enbridge Line 9 Reversal (240-300,000 b/d)
Enbridge Light Oil Market Access (400,000 b/d)
TransCanada Keystone XL (830,000 b/d)
Enbridge Northern Gateway (193,000 b/d)
Kinder Morgan TMX (690,000 b/d)

Gas Pipes

Major Employers in Oil & Gas

Key Facts

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Alberta's reserve accounts for over 75% of Canada's natural gas production

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Alberta produces 70% of Canada’s oil

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International exports for agri-food products increased 14% from 2011

Alberta’s energy exports totaled $53.9 billion in 2010.
Alberta’s reserve accounts for over 75% of Canada’s natural gas production.
The Alberta Energy Resources Conservation Board forecasts production from the oil sands will more than double to 2.9 million b/d by 2019.
According to government statistics, demand for Alberta resources will require more than $200 billion of new spending over the next 25 years.

Numerous manufacturing operations in Central Alberta produce virtually every component used in the oil and gas industry.
Alberta produces 70% of Canada’s oil, and nearly 80% of natural gas.
Alberta is estimated to have 917 trillion cubic feet of natural gas reserves stored within coal-bed methane.
Approximately 24% of Alberta’s crude oil production comes from conventional method.

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