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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 ...
Operates Alberta's electrical grid and electricity generation market (which as of November 2023, is 46% owned by TransAlta [6] [7]). Affordability and Utilities: Alberta Utilities Commission: Regulatory/Adjudicative Responsible for regulating the utilities sector, natural gas, and electricity markets. Affordability and Utilities: Balancing Pool ...
Capital expenditure increased between 2006 and 2015 totalling $125 billion in all oil sands projects leading to a severe labor shortage in Alberta and driven unemployment rates to their lowest level in history – the lowest of all 10 Canadian provinces and 50 U.S. states.
The energy industry provided 7.7% of all jobs in Alberta in 2013, [7] and 140,300 jobs representing 6.1% of total employment of 2,286,900 in Alberta in 2017. [11] The unemployment rate in Alberta peaked in November 2016 at 9.1%. Its lowest point in a ten-year period from July 2009 to July 2019, was in September 2013 at 4.3%. [12]
This discovery indirectly contributed to post-war exploration in Alberta, and the decision to drill Leduc No. 1. Like Leduc, the Norman Wells discovery was drilled into a Devonian reef. After the Second World War, Imperial identified what it thought might be the same kind of structure in Alberta, and consequently located the great Leduc oil field.
Alberta's first energy regulatory body was created in 1938. A succession of agencies led to the new ERCB being established 1 January 2008, as a result of the realignment of the Alberta Energy and Utilities Board (EUB) into the ERCB and the Alberta Utilities Commission. The ERCB also includes the Alberta Geological Survey.
The Energy and Utilities Board (EUB) was the governing body of the energy industry in the province of Alberta, Canada.Previously known as the Alberta Energy and Utilities Board (AEUB), the EUB was reorganized on 1 January 2008 into two separate regulatory bodies: the Energy Resources Conservation Board (ERCB), which regulates the oil and gas industry (later reorganized as Alberta Energy ...
Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the company has amassed a significant land base of extensive, high quality resources.