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However, overall tax revenues from oil royalties and other non-renewable sources has fallen steeply along with the drop in global oil prices. For example, in 2013, oil tax revenues brought in 9.58 billion, or 21% of the total Provincial budget, [28] whereas in 2018 it had fallen to just 5.43 billion, or 11% of the Provincial budget. [29]
[22]: 2 The Alberta government predicted in its 2014/15 fiscal-year budget that there would be "an annual average of $8.0 billion in bitumen and crude oil royalties over the next three fiscal years (2014/15 to 2016/17) and an increase in the annual share of bitumen and crude oil royalties to over 17 per cent of government revenues."
Alberta Oil And Gas Industry Annual Statistics ( ) Title: ... In particular, Mexico is 100 years, Jamaica is 95 years, Colombia is 80 years, Guatemala and Samoa are ...
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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). annual production was 33.8% higher in 2012 at 98,751 boe/d (90.8% crude oil).
Petroleum resources in Alberta. The discovery of the Leduc oil field in 1947 with Leduc No. 1, striking oil, ushered in a twenty-year period of intense exploration, new discoveries, and rapid expansion of Alberta's oil industry. The discovery of Leduc No. 1 led to a rapid population boom in Alberta.
[3] Between 1976 and 1983 the Government of Alberta deposited a portion of oil revenue into the fund. The Heritage Savings Trust Fund used oil revenues to invest for the long term in such areas as health care, education and research and as a way of ensuring that the development of non-renewable resources would be of long-term benefit to Alberta ...
The oil and gas sector provided 22% of the Government of Alberta's total estimated revenue for the fiscal year 2021/22. Since 2012, the Alberta government has received $66 billion from the sector. [ 19 ]