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The Canadian Association of Petroleum Producers (CAPP), with its head office in Calgary, Alberta, is a lobby group that represents the upstream Canadian oil and natural gas industry. [1] CAPP's members produce "90% of Canada's natural gas and crude oil" [ 2 ] and "are an important part of a national industry with revenues of about $100 billion ...
Representatives from the Alberta provincial government, the AER and Alberta Environment and Parks (AEP), Canadian Association of Petroleum Producers (CAPP), and the Explorers and Producers Association of Canada (EPAC) serve on the OWA's board of directors. [2] Brad Herald is the Chair of the OWA and is also CAPP vice-president. [70]
CAPP is committed to the following goals: 1) To defend and improve Canada's democratic institutions and procedures; 2) To foster dialogue and awareness of current political issues; 3) To educate Canadians on their political system; 4) To encourage greater democratic participation by all Canadians.
Oil sands were by then the source of 62% of Alberta's total oil production and 47% of all oil produced in Canada. [33] As of 2010, oil sands production had increased to over 1.6 million barrels per day (250,000 m 3 /d) to exceed conventional oil production in Canada. 53% of this was produced by surface mining and 47% by in-situ techniques.
The potential of Alberta as an oil-producing province long went unrecognized because it was geologically quite different from American oil producing regions. The first oil well in western Canada was drilled in southern Alberta in 1902, but did not produce for long and served to mislead geologists about the true nature of Alberta's subsurface ...
Suncor Energy completed merger with Canada's 11th largest company Petro Canada on August 1, 2009 in a 21 billion dollar deal to form the largest oil and second largest company overall in Canada. [66] [67] At the time of the merger it had a market capitalization of $43 billion and held the biggest position in Alberta's oil sands. [68]
[54]: 13 The Canadian Association of Petroleum Producers (CAPP) claimed that Alberta lost 35,000 jobs in 2015–25,000 from the oil services sector and 10,000 from exploration and production. [55] Full-time employment increased by 10,000 in February 2016 after falling 20,000 in both December 2015 and January 2016.
Laricina Energy Ltd. was a private Canadian oil producing company engaged in exploration in North-Eastern Alberta. The company targeted oil sands opportunities outside of the Athabasca mining area and was focusing on in situ plays in the Grosmont and Grand Rapids formations. Its headquarters were located in Calgary, Alberta, Canada. [1]