Canadian Oil and Gas Production

Canada is the fourth-largest producer of oil in the world and the fifth-largest producer of natural gas. [...] Source: Canada Energy Regulator 4 Canadian Oil and Gas Production Definitions Oil Sands About 58% of Canada’s total oil production is from oil sands. [...] 50 25 0 Source: Energy Institute Statistical Review of World Energy 11 Bcf per Day US Russia Iran China Canada Qatar Australia Norway Saudi Arabia Algeria Malaysia Annual Marketable Natural Gas Production | 1950 to Q3/2023* 20 • The surge of US shale gas starting in 2008 led to a collapse East Coast Offshore in Canadian natural gas prices and a decline in production and Rest of Canada exports. [...] 75 50 25 0 2018 2019 2020 2021 2022 2023 Source: Canada Energy Regulator, provincial regulators *2023 data is YTD average up to July 2023 16 MMcf per Day MMcf per Day Crude Oil 17 Canada is the World’s Fourth Largest Oil Producer | 2022 20 • In 2018, the US passed Saudi Arabia and Russia as the largest producer of oil in the world. [...] Annual Raw Natural Gas Production by Select Region | 2000 to Q3/2023* Slide 15: Monthly Marketable Natural Gas Production by Province | 2018 to Q3/2023* Slide 16: Monthly Marketable Natural Gas Production by Province | 2018 to Q3/2023* Slide 17: Crude Oil Slide 18: Canada is the World’s Fourth Largest Oil Producer | 2022 Slide 19: Annual Oil Production by Province | 1950 to Q3/2023* Slide 20: Annu.