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Fox Creek is a town in northwest Alberta, Canada. It is located on Highway 43, approximately 259 km (161 mi) northwest of Edmonton and 199 km (124 mi) southeast of Grande Prairie, and has an elevation of 808 m (2,651 ft). Fox Creek is within the Upper Peace planning region, and is surrounded by the Municipal District of Greenview No. 16. [3]
The development of which produced even more oil. The field was eventually determined to be 32 km (20 mi.) long and 6½ km (4 mi.) wide. By 1953 the oil field supported 926 wells and was producing almost 30% of the entire province's output. The large volume of crude being produced made the construction of large transmission pipelines essential. [32]
In January 2023, Paramount divested assets in the Kaybob Region near Fox Creek, Alberta to Crescent Point Energy for net cash of C$370.0 million. [ 3 ] Paramount reported an output of 96,393 barrels of oil equivalent per day (BOE/D) in its 2023 annual report, published in March 2024.
Because of its vast oil and gas resources, Alberta is the busiest province in terms of hydraulic fracturing. The first well to be fractured in Canada was the discovery well of the giant Pembina oil field in 1953 and since then over 170,000 wells have been fractured.
In Turner Valley, the mistakes oil companies made led to billions of dollars in damage to the oil field by gas flaring which not only burned billions of dollars worth of gas with no immediate market, but destroyed the field's gas drive that enabled the oil to be produced. The gas flares in Turner Valley were visible in the sky from Calgary, 75 ...
The Alberta government's Energy and Utilities Board (EUB) estimated in 2007 that about 173 billion barrels (27.5 × 10 ^ 9 m 3) of crude bitumen were economically recoverable from the three Alberta oil sands areas based on then-current technology and price projections from the 2006 market prices of $62 per barrel for benchmark West Texas ...
Between 1980 and 1984, Mobil drilled nine delineation wells in the field at a cost of $465 million. Eight of those wells were successful. They established the field's recoverable oil reserves at around 625 million barrels (99,400,000 m 3) – about 40 per cent more oil than originally estimated. Bringing the field on production was a long time ...
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