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Tuesday, October 26, 2004 Oil and gas extraction industry: Volume and value of marketable production2003Crude oil and equivalent production rose 5.7% in 2003, primarily on higher deliveries to export market. Synthetic crude oil production (including crude bitumen) has increased solidly in the last 10 years; in 2003 it accounted for 34.6% of total crude oil and equivalent production, compared with 20.6% in 1993. In Alberta, 2003 marks the second year where non-conventional production of crude oil exceeded conventional production. In contrast, natural gas marketable production edged down 3.4% to 166.4 billion cubic metres. The value of crude oil and equivalent hydrocarbons produced in 2003 totalled an estimated $33.6 billion, up 12.2% from the $30.0 billion in 2002. This jump was attributable to both higher wellhead prices and volume in 2003. The value of natural gas marketable production was estimated at $37.1 billion in 2003, up 56.4% from 2002, a result of large increases in wellhead prices.
Definitions, data sources and methods: survey number 2198. The 2003 issue of the Oil and Gas Extraction (26-213-XIB, $24) will be available later this year. For general information or to order data, contact the dissemination officer (1-866-873-8789; 613-951-9497; energy@statcan.gc.ca). To enquire about the concepts, methods or data quality of this release, contact Pierre Després (613-951-3579; pierre.després@statcan.gc.ca), Manufacturing, Construction and Energy Division. | |||||||||||||||||||||||||||||||||||||||||
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