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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 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 ...
The Pembina oil field is one of the largest and most prolific conventional oil fields in the province of Alberta, Canada. [ 1 ] The mature field is centered on Drayton Valley and is named for the Pembina River , which crosses the region from southwest to northeast.
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 oil field crosses the Alberta/Saskatchewan border, as do the production facilities.) [24] The Kindersley area in south-central Saskatchewan produces light crude oil using hydraulic fracturing from Saskatchewan's portion of the Bakken Formation , which also produces most of North Dakota 's oil.
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 ...
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