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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 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 ... and in Fox Creek, Alberta ...
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.
Further explorations in the area yielded nothing useful with a majority of the nearby drilling sites abandoned by 1908, [1] but general exploration in more northerly portions of Alberta, yielded the Turner Valley field in 1914. The Oil Creek strike is believed to be the result of oil seepage along fault planes in the Lewis Overthrust, in which ...
According to Canada's Alberta Energy Regulator, the Duvernay Formation "holds an estimated 443 trillion cubic feet of gas and 61.7 billion barrels of oil (Penny China Institute 2012-12)." [ 4 ] Calgary-based, Athabasca Oil Corporation (formerly Athabasca Oil Sands Corporation), holds 640,000 acres, the largest publicly disclosed Duvernay rights.
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.