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: From the collection of Peter Tertzakian 17 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. [...] Subsequent wells were then drilled 1880s specifically to produce natural gas to use as a fuel OLD GLORY The first major discovery in Alberta’s oil and gas industry was the Bow Island 1909 gas field to the southwest of Medicine Hat and its first well was dubbed TURNER VALLEY Old Glory The discovery of wet gas in the Turney Valley region with the Dingman #1 well led to the field playing an important. [...] 24 Industry Structure Taxonomy of Canadian Oil and Gas • 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. [...] 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.
- Pages
- 40
- Published in
- Canada
