Basic Statistics

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

Crude Oil Statistics

Crude Oil 2016 2015
Conventional Oil Reserves
(Barrels)
N/A 3.9B
Conventional Oil Production
(Barrels per day)
1.2MM 1.3MM
Prices – WTI @ Cushing on Nymex
(US$/bbl)
$43.32 $48.80
Exports – Crude Oil, Condensates, Pentanes, etc.*
(Barrels per day)
3.0MM 3.0MM
Imports – Crude Oil
(Barrels per day)
761,000 760,000
Canadian Consumption of Refined Products
(Barrels per day)
1.8MM 1.8MM

* includes conventional and non-conventional

Oil Sands Statistics

Oil Sands 2016 2015
Capital Spending
(In situ, Mining and Upgrading)
$17.0B $23.0B
Payments to Province
(Provincial Royalties)
N/A $1.5B
Mining Reserves – Year End
(Barrels)
N/A 32.1B
In Situ Bitumen Reserves
(Barrels)
N/A 133.3B
Mining Production
(Barrels per day)
1.1MM 1.1MM
In Situ Production
(Barrels per day)
1.3MM 1.3MM
Upgrader Capacity
(Barrels per day)
1.4MM 1.3MM
Industry Revenues
N/A $44.2B

Natural Gas Statistics

Natural Gas 2016 2015
Reserves – Year End
(Cubic feet)
N/A 77T
Production
(Cubic feet per day)
15.2B 15.0B
Pricing – Nymex Henry Hub
(US$/mmbtu)
$2.44 $2.67
Pricing – AECO Index
(C$/mmbtu)
$1.57 $2.18
Exports
(Cubic feet per day)
7.9B 7.6B
Canadian Consumption
(Cubic feet per day)
8.3B 8.6B

World Energy Statistics

The following statistics are from the International Energy Agency (IEA) and are current as of November 2016.

  • In a scenario that includes the Paris agreement, global demand for energy is expected to rise by 31% by 2040 as economies in both developed and emerging countries continue to grow and the standard of living improves in the developing world.

Consumption of all forms of energy continue to grow over the forecast period of 2014 to 2040. Renewables lead the way by increasing more than four and a half times in that forecast period but only account for 6 per cent of the total primary energy demand in 2040.  Natural gas meanwhile, is forecasted to increase by 49 per cent in 2040 from the 2014 level accounting for more than 30 per cent of the overall growth and 24 per cent of total primary energy demand in 2040. Crude oil, is forecasted to increase by 12 per cent over the same period, accounting for 27 per cent of total primary energy demand in 2040. Despite the growth in energy demand, IEA projects that 540 million people will remain without access to electricity in 2040.

Investment in oil and natural gas are required in the longer term to meet growing demand and replace production due to natural decline of reservoirs. Given a continued need for all hydrocarbons, continued steady investment is required to avoid volatility and higher cost energy future.

Canadian Oil and Natural Gas Statistics (2016)

  • 1.2 million barrels per day of conventional oil production
  • 2.4 million barrels per day of oil sands production
  • 15.2 billion cubic feet per day of natural gas production
  • $37 billion in capital spending
  • $15 billion in taxes and royalties paid to governments per annum (average from 2013-2015)
  • Oil and natural gas industry currently supports 425,000 jobs across Canada
  • Oil and natural gas industry current comprises about 12% of the Toronto Stock Exchange

Oil Sands GHG Statistics

  • Oil sands industry contributes about 9.8% of Canada’s total GHG emissions
  • Oil sands industry accounts for 0.16% of global GHG emissions
  • Today oil sands is around 9% more GHG intensive than the average crude oil consumed in the United States (IHS Markit)
  • On a wells-to-wheels (life cycle) basis, oil sands crude has a similar intensity to other heavy oils consumed in the United States (IHS Markit)
  • Emissions in 2015 were 71 megatonnes - CO2 equivalent (Environment and Climate Change Canada, 2017)
  • Current Government of Alberta regulations require facilities that emit more than 100,000 tonnes of CO2 equivalent per annum must reduce their baseline intensity by 20% in each compliance period.