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Fox Creek is a town in northwest Alberta, Canada. It is located on Highway 43, approximately 259 km (161 mi) northwest of Edmonton and 199 km (124 mi) southeast of Grande Prairie, and has an elevation of 808 m (2,651 ft). Fox Creek is within the Upper Peace planning region, and is surrounded by the Municipal District of Greenview No. 16. [3]
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]
In January 2023, Paramount divested assets in the Kaybob Region near Fox Creek, Alberta to Crescent Point Energy for net cash of C$370.0 million. [3] Paramount reported an output of 96,393 barrels of oil equivalent per day (BOE/D) in its 2023 annual report, published in March 2024. [3]
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.
Between 1980 and 1984, Mobil drilled nine delineation wells in the field at a cost of $465 million. Eight of those wells were successful. They established the field's recoverable oil reserves at around 625 million barrels (99,400,000 m 3) – about 40 per cent more oil than originally estimated. Bringing the field on production was a long time ...
Pages in category "Oil fields of Alberta" The following 14 pages are in this category, out of 14 total. This list may not reflect recent changes. C. Cold Lake oil ...
Leduc No. 1 was a major crude oil discovery made near Leduc, Alberta, Canada, on February 13, 1947.It provided the geological key to Alberta's most prolific conventional oil reserves and resulted in a boom in petroleum exploration and development across Western Canada.
Alberta government levies its first royalty, at five percent, on oil and gas production. [8] [better source needed] 1939 Shell opens exploration offices in Alberta. [9] [better source needed] February 13, 1947 Leduc No. 1 strikes oil starting Alberta's post-World War II oil boom. 1947 ATCO is incorporated. [10] June 1948 Calgary Petroleum Club ...