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Mar 2, 2023 · About 26 per cent of the province's revenue in 2023 is expected to come from oil and gas contributions. It was 36 per cent last year, per forecasts. The budget is also projecting a drop of $9...
• The West Texas Intermediate (WTI) oil price averaged US$77.83 per barrel (/bbl) in 2023-24, down $11.86/bbl from 2022-23, but $1.33/bbl higher than the budget estimate. The light-heavy oil price differential averaged US$17.29/bbl in 2023-24, $3.48 narrower than in 2022-23 due to increased demand for heavier crude and the
Jun 28, 2022 · Alberta is back in the black in a big way — turbocharged by high-flying oil prices. The final number on the 2021-22 fiscal year, which ended on March 31, is a $3.9-billion surplus, Finance ...
Feb 27, 2023 · Dollars. It's a staggering sum of money, when you think about it. If you were able to sock away $10,000 per day, each and every day, it would take you more than 7,600 years to amass that much...
• As of 2021, Alberta’s total proven oil reserves were around 161.7 billion barrels; of which 160.1 billion barrels were oil sands and 1.6 billion barrels were conventional oil. • As of 2021, Alberta had the ultimate potential (recoverable) resources of 223 trillion cubic feet (Tcf) of natural gas.
4 days ago · The Alberta Energy Regulator has released its 2024 Alberta Energy Outlook report with interesting highlights about what the future of energy production in Alberta may look like. This report, released June 24, details data from 2023 and projects expectations for Alberta’s energy sector in the coming years. “With expected pipeline capacity improvements and reasonably elevated oil prices ...
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Dec 2, 2021 · According to Statistics Canada, Alberta oil production in October was 119 million barrels, an all-time monthly record. At the same time, however, Statistics Canada says oil and gas capital ...
