New Brunswick has a long history of crude oil and natural gas production.
New Brunswick’s Resources
New Brunswick has a long history of crude oil and natural gas production, with annual oil production varying from 5,000 to 30,000 barrels of oil from 1911 to 1988. Natural gas production averaged about 650 million cubic feet per year from 1912 to 1946. From 1953 to 1991 it maintained a fairly steady rate of about 100 million cubic feet per year.
Today, Corridor Resources Inc. is operating New Brunswick’s McCully Field, a natural gas project near Sussex. In June 2007, Corridor completed the construction of a field gathering system, a gas plant and a pipeline lateral connecting the McCully Field to markets through the Maritimes and Northeast Pipeline. Corridor Resources also recently announced that it has made a potentially significant discovery three kilometres southeast of its McCully Field.
The province has seen an increase in activity in recent years. Construction of the Maritimes and Northeast Pipeline, which provides access to markets in the Northeast United States, and other infrastructure developments have contributed significantly to the growth of the industry. The Government of New Brunswick is focusing on improving regulatory efficiency and effectiveness, and data management to help encourage exploration activity.
Canada’s largest oil refinery, with a capacity of 250,000 barrels per day, is located in Saint John.