Oil & Gas Activity

Industry is focusing on doing better business - being more efficient, being better neighbors, continually improving environmental standards, building and holding excellent employees and getting good value for Alberta’s resources.

By the Numbers

In 2010, the petroleum industry invested $51 billion dollars in Canada, including $38 billion in Alberta. Additionally, oil and gas activity generated $82 billion in provincial royalties in the last decade, with oil & gas payments to the province totalling $8.4 billion after drilling initiatives in 2010/11.

Natural gas development is expected to contribute about $1.3 trillion to Canadian GDP over the next 25 years - an average of $52 billion per year. Additionally, an estimated $98 billion will be collected in royalties from natural gas in British Colombia, Alberta and Saskatchewan over the same time frame.  

New oil sands development is expected to contribute over $2.1 trillion to the Canadian economy over the next 25 years. In this same time frame the oil sands industry will pay an estimated $350 billion in provincial royalties.

Contributions of oil and gas to provincal revenues: