cover image: Canadian Oil and Gas Industry Overview


Canadian Oil and Gas Industry Overview

14 Mar 2024

Evolution of the Industry ● Canada has been a trailblazer in the oil and gas industry since the inception of the modern petroleum industry in the 1800s. [...] Source: Western Examiner 22 Capital Spending in the Canadian Oil and Gas Industry Reflects Long History $120 • The Canadian oil and gas Capital spending: industry has grown significantly Conventional oil and gas since the Leduc #1 discovery in Oil sands $80 the late 1940s. [...] 28 Industry Structure Taxonomy of Canadian Oil and Gas | 2022 • The Canadian oil and gas Canadian upstream oil Upgraded Bitumen industry is unique in that, on top and gas industry (2022) of conventional oil and gas, Condensates & 8.4 MMBOE/d much of the country’s Pentanes Plus production comes from the oil sands. [...] Natural Gas • Once completed, the wells are Once the fluids are flushed out of the well, the reservoir is left with increased produced, allowing oil and gas ability to flow hydrocarbons TARGET to flow to the surface where it’s RESERVOIR collected and transported. [...] Bitumen • The bitumen making up the oil Condensate sands is effectively an oil seep, and Pentanes+ Conventional Oil breaching in the northeastern Heavy Oil portion of the basin.


Wingert, Elmien

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