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The Alberta Energy Regulator (AER) is a quasi-judicial, independent agency regulating the development of energy resources in Alberta. Headquartered in Calgary, Alberta, the AER's mandate under the Responsible Energy Development Act (REDA) is "to provide for the efficient, safe, orderly and environmentally responsible development of energy resources and mineral resources in Alberta.” [1]
In Alberta, the sole regulator of the province's energy development—from a project's first application, licensing and production, through to its decommissioning, closure, and reclamation—is the 100% industry-funded corporation, the Alberta Energy Regulator (AER). The AER, which replaced the Energy Resources Conservation Board (ERCB) in 2013 ...
Alberta Energy Regulator "regulates approximately - 181,000 active wells, 27,800 oil facilities and 20,000 gas facilities, and 405,000 kilometres (km) of pipelines." AER also "considers some 36 800 applications for energy development every year." [4] In December 2012, the Responsible Energy Development Act [8] passed in the Alberta Legislature.
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.
The Athabasca oil sands, along with the nearby Peace River and Cold Lake deposits oil sand deposits lie under 141,000 square kilometres (54,000 sq mi) of boreal forest and muskeg (peat bogs) according to Government of Alberta's Ministry of Energy, [12] Alberta Energy Regulator (AER) and the Canadian Association of Petroleum Producers (CAPP).
Map of all pipelines regulated by the Canadian Energy Regulator that originate from Alberta. Graph outlining oil prices and breakevens for different extraction. methods used in Alberta. Planned production in the Athabasca oil sands. This is a brief timeline covering the history of the petroleum industry Alberta and its predecessor states.
Approximately 96% of Canadian oil production occurs in three provinces: Alberta, Saskatchewan, and Newfoundland and Labrador. In 2015 Alberta produced 79.2% of Canada's oil, Saskatchewan 13.5%, and the province of Newfoundland and Labrador 4.4%. British Columbia and Manitoba produced about 1% apiece. [11]
Alberta contains nearly all of Canada's oil sands and much of its conventional oil reserves. The balance is concentrated in several other provinces and territories. Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves. [ 3 ]