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The energy industry provided 7.7% of all jobs in Alberta in 2013, [7] and 140,300 jobs representing 6.1% of total employment of 2,286,900 in Alberta in 2017. [11] The unemployment rate in Alberta peaked in November 2016 at 9.1%. Its lowest point in a ten-year period from July 2009 to July 2019, was in September 2013 at 4.3%. [12]
The Alberta government's Energy and Utilities Board (EUB) estimated in 2007 that about 173 billion barrels (27.5 × 10 ^ 9 m 3) of crude bitumen were economically recoverable from the three Alberta oil sands areas based on then-current technology and price projections from the 2006 market prices of $62 per barrel for benchmark West Texas ...
It had the oldest commercial oil well in North America (dug by hand in 1858 at Oil Springs, Ontario, a year before the Drake Well was drilled in Pennsylvania), and having the oldest producing oil field in North America (producing crude oil continuously since 1861). However, it reached its production peak and started to decline more than 100 ...
source for market cap, [4] source for profit. Data rounded to nearest million. . By market cap, Crescent Point Energy is the largest Canadian oil company never to make the global 500 list, according to Forbes ; Encana, Talisman Energy last made the Fortune 500 list in June 2011; Cenovus Energy dropped out December 2013.; CNRL 2013 annual production was estimated to be 671,162 bbl (106,706.2 m ...
Structures on the grounds of the Sherritt complex in Fort Saskatchewan. Alberta's Industrial Heartland (also known as Upgrader Alley or the Heartland) is the largest industrial area in Western Canada and a joint land-use planning and development initiative between five municipalities in the Edmonton Capital Region to attract investment in the chemical, petrochemical, oil, and gas industries to ...
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The greatest discovery, in terms of quantity, size, and overall effect on the industry was the discovery of the Pembina oil field by Mobil Oil in February 1953. [33] [32] With the discovery of the Leduc oil field in 1947 and the Redwater oil field in 1948 Manning's government realized the incredible potential of the massive oil reserves ...
Edmonton's slogan "The Oil Capital of Canada" was instituted in 1947 and is the city's only slogan to be officially adopted by Edmonton City Council. [9] [10] As of 2020, a number of businesses in the Edmonton metropolitan region continue to employ the oil city nomenclature such as Oil City Crane Service, Oil City Energy, Oil City Signs, and Oil City Vapes. [11]
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