Oil and gas extraction industry: Volume and value of marketable production, 2011 (final)
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Crude oil and equivalent production increased 4.8% from 2010 to 175.8 million cubic metres in 2011. Marketable production of natural gas by-products increased by 2.2% while natural gas (0.0%) was unchanged.
The value of crude oil and equivalent hydrocarbons produced totalled $95.8 billion in 2011, up 25.8% from $76.2 billion in 2010. The increase was mainly attributable to higher wellhead prices in 2011. The value of natural gas marketable production decreased 8.7% from 2010 to $18.0 billion, as a result of lower wellhead prices in 2011. The value of natural gas by-products increased 14.9% to $7.6 billion.
Definitions, data sources and methods: survey number survey number2198.
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