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Crescent Point Energy - Oil and gas company with interests in the bakken oil field of Alberta. Revenue doubled between 2008 and 2010 (averaged $400 million '06-'08, ~$1.0b '08-'10) then doubled again between 2010 and 2012 ($1.2b - $2.2b).
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.
While Edmonton (population 972,223 thousand in 2019 [20]) is the provincial capital and is considered the pipeline, manufacturing, chemical processing, research and refining centre of the Canadian oil industry, its rival city Calgary (population 1.26 million [20]) is the main oil company head office and financial centre, with more than 960 ...
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]
Pages in category "Oil fields of Alberta" The following 14 pages are in this category, out of 14 total. ... Wabasca oil field; Western Canada Sedimentary Basin
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
The company opened offices in Montreal and began importing American products to Canada for sale. On 31 March 1923, Sun incorporated a Canadian subsidiary, the Sun Oil Company Limited. In 1932, the company transferred its headquarters from Montreal to Toronto. In 1950 the Sun Oil Company drilled its first successful Canadian oil well in Alberta.
Veren produces over 190,000 boe/day. [14] Veren mainly produces light and medium oil, as opposed to heavy oil or natural gas.Most of the company's oil production is from central Alberta and southern Saskatchewan; notable fields in these areas include the Kaybob Duvernay, Alberta Montney, Viewfield Bakken, and Shaunavon.
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