Basic Statistics 

CAPP provides basic statistics that provide a broad overview of Canada’s upstream oil and gas industry.

Crude Oil

2012 Statistics

Reserves 
(2011)

Conventional Oil:

4,118 million barrels
Production: Conventional Oil: 1.31 million barrels per day
Prices: Crude Oil:
WTI @ Cushing on Nymex:
2011 - $95.10 (US$/bbl)
2012 - $94.21 (US$/bbl)
Exports: Crude Oil, Condensates, Pentanes, etc.**: 2011 - 2.218 million barrels per day
2012 - 2.339 million barrels per day
Imports: Crude Oil: 723,000 barrels per day
Canadian Consumption:    1.6 million barrels per day 
** includes conventional and non-conventional

Oil Sands

2011 Statistics

Capital Spending:

In situ, Mining and Upgrading:

$17.2 billion

Payments to the Province:

Provincial Royalties:

$4.5 billion

Oil Sands Bonuses:

$0.1 billion

Reserves
(at 2011 Year-end):

Mining:

33 billion barrels

Insitu Bitumen:

135 billion barrels

Production:
(2012)

Mining:

885,000 barrels per day

In Situ:

859,000 barrels per day

Upgrader Capacity:

1,293,000 barrels per day

Industry Revenues:

$49.3 billion

Natural Gas

Statistics

Reserves
(at 2010 Year-end):

Natural Gas:

70.4 trillion cubic feet

Production:
(2012)

Natural Gas:

13.7 billion cubic feet per day

Prices:

Natural Gas
– Nymex Henry Hub (US$/mmbtu):

– AECO (C$/mmbtu):

2011 - $4.00
2012 - $2.85

2011 - $3.60
2012 - $2.40

Exports:

Natural Gas:

8.5 billion cubic feet per day

Canadian Consumption:   7.9 billion cubic feet per day

 

World Energy Statistics

  • Global demand for energy is expected to rise by 35% by 2035 as economies in both developed and emerging countries continue to grow and the standard of living improves in the developing world. 1
  • According to the International Energy Agency, the world will need to invest $37 trillion in energy supplies from 2011 to 2035. 1
  • Meeting increased energy demand will require an increasingly diverse energy supply base - continuing reliance on conventional petroleum resources, unconventional hydrocarbons (oil sands, shale gas, natural gas from coal, etc), alternatives (solar, wind, nuclear, hydro, etc) -- as well as improved energy efficiency across all sectors of the economy. 2
  • "... fossil fuels continue to meet the bulk of the world's energy needs ..." 1

Canadian Oil & Gas Statistics (2012)

  • 1.31 million barrels per day of conventional oil production
  • 1.7 million barrels per day of oil sands production
  • 13.7 billion cubic feet per day of natural gas production
  • $62 billion in capital spending
  • $18 billion in taxes and royalties paid to governments
  • Oil and gas industry currently supports 550,000 jobs across Canada
  • Oil sands are forecasted to create 905,000 new jobs by 2035 (Canadian Energy Research Institute - May 2011)
  • Oil and gas industry current comprises about 20% of the Toronto Stock Exchange

Oil Sands CO2 Statistics (2009)

  • Oil sands industry contributes about 7.8% of Canada’s total GHG emissions
  • Oil sands industry accounts for just over 0.16% of global GHG emissions
  • Oil sands GHG emissions equal about 3.7% of U.S. power generation emissions
  • Today oil sands fuel is around 5-15% more GHG intensive that the average crude oil consumed in the United States. 3
  • On a well-to-wheel (lifecycle) basis 4 , the carbon intensity of oil sands-based fuels falls within the range of carbon intensities for other conventional crude-based fuels used in the United States. 3
  • Oil sands GHG emissions have declined 26 per cent per barrel from 1990 to 2011
  • Current Government of Alberta regulations require GHG emission reductions of 12% (from a year 2000 baseline average)

 

1 International Energy Agency, World Energy Outlook 2012 - New Policies Scenario

2 Intergovernmental Panel on Climate Change. www.ipcc.ch/pdf/presentations/poznan-COP-14/ralph-sims.pdf

3 Cambridge Energy Research Associates, The Role of Canadian Oil Sands in U.S. Oil Supply

4 A well-to-wheel CO2e analysis calculates the total CO2e emissions from the production and distribution of the feedstock and the fuel, and from the use of the fuel in the vehicle.

Facts

World rankings:

Canada is:
  • 3rd largest natural gas producer
  • 6th largest crude oil producer
  • 5th largest energy producer

Industry's impact on the Canadian economy:

  • invested $62 billion in 2011
  • largest single private investor in Canada
  • 20% of value on Toronto Stock Exchange
  • employs 550,000 in Canada (direct & indirect)
  • payments to governments: $18 billion

Crude oil:

  • crude oil accounts for 40% of Canada's energy demand
  • crude oil accounts for 18% of Canada's merchandise exports
  • Canada is ranked third in the world in crude oil reserves, after Venezuela and Saudi Arabia

Natural gas:

  • natural gas accounts for approximately 30% of Canada's energy demand
  • Canada has enough natural gas resources between 700-1,300 trillion cubic feet to meet Canada's demand for the next 100+ years at current levels

Questions?

Looking for information about the oil and gas industry?

View our list of Frequently Asked Questions