Oil & natural gas - Energy Fast Facts

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  • Canada has 5 billion barrels of conventional oil reserves and 173 billion barrels of oil sands reserves for a total of 178 billion barrels, second only to Saudi Arabia.
    Source: Canada’s Oil, Natural Gas and Oil Sands – Overview and Outlook, Canadian Association of Petroleum Producers, Washington presentation, February 2009
  • In Canada in 2008, 1,350,000 barrels per day of crude oil were extracted by conventional production compared to 1,204,115 million barrels per day of crude oil from the oil sands.
    Source: Canadian Association of Petroleum Producers Statistical Handbook, 2009
  • Canada is the seventh largest oil producer in the world.
    Source: Canada’s Oil, Natural Gas and Oil Sands – Overview and Outlook, Canadian Association of Petroleum Producers, Washington presentation, February 2009
  • A total of 3,109 oil wells were drilled in Canada in 2009.
    Source: Canadian Association Oilwell Drilling Contractors, 2010
  • At 2,493,000 barrels per day, Canada was the largest exporter of crude oil to the United States in 2008.
    Source: Energy Information Administration, 2009
  • The first commercial oil well in Canada was dug by James Miller Williams in 1858 near Petrolia in southwest Ontario.
    Source: Evolution of Canada’s Oil and Gas Industry, Canadian Centre for Energy Information, 2009
  • Oil was discovered in Alberta at Turner Valley in 1914 and in the Northwest Territories at Norman Wells in 1920. The discovery that really started the modern Canadian oil industry was Imperial Leduc #1, which first flowed oil on February 13, 1947 near the town of Leduc, Alberta.
    Source: Evolution of Canada’s Oil and Gas Industry, Canadian Centre for Energy Information 2009
  • Canada’s first major offshore oil discovery was Hibernia, drilled off the coast of Newfoundland and Labrador in 1979.
    Source: Evolution of Canada’s Oil and Gas Industry, Canadian Centre for Energy Information 2009
  • There are about 3,000 products made from petroleum.
    Source: Alberta Department of Energy, 2009
  • Payments by the oil industry to Canadian federal and provincial governments have grown from $7.1 billion in 1999 to $24 billion in 2008.
    Source: Canadian Association of Petroleum Producers, Basic Statistics, 2009