the discovery of the oil and gas industry in alberta
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The Discovery of the Oil and Gas Industry in Alberta. Composed by: Jocelyn Manlongat. The discovery of oil and gas in Alberta transformed the province’s economic, political, and social structures. As oil expertise became centered in Calgary, the city became - PowerPoint PPT PresentationTRANSCRIPT
The Discovery of the Oil and Gas Industry in
Alberta
Composed by: Jocelyn Manlongat
The discovery of oil and gas in Alberta transformed theprovince’s economic, political, and social structures. As
oil expertise became centered in Calgary, the city becamea major destination for immigration from inside and
outside the province. Alberta’s resources made what hadbeen one of Canada’s poorest provinces into one of itsrichest. As a consequence, the province demanded a
greater voice in the administration of the country
Early Discoveries
1788Peter Pond saw native in Ft.
McMurray area using gummy bitumen to repair
canoes1848
Nova Scotia uses oil for light 1857
First commercial oil well drilled Oil Springs,
Ontario. Depth: 20m
1880Imperial Oil Formed
1883Natural gas found in Medicine
Hat by CP Rail1902
Western Canada’s first well in Waterton Lakes, Alberta
1908Imperial Oil opens first
service station in Vancouver1909
Well at Bow Island produces natural gas
Growth of an Industry
1914Gas is discovered at Turner Valley;
Alberta’s first oil rush
1921Representatives of Imperial Oil -- the Canadian
subsidiary of American Standard Oil of New Jersey –
noted that the Turner Valley area did not produce enough oil to warrant calling it a proven field.
1917 Standard Oil of New Jersey acquired land
leases forfuture exploration in the province.
1920Turner Valley became known as "Hell’s Half
Acre." Suffering from a lack of markets for excess gas, companies in the field burned it
off in a giant coulee. It is estimated that companies wasted approximately 90
percent of the field’s gas in this manner
1921The American company
had leased 369,537 acres.
Between 1921 and 1924Standard Oil took over
the floundering Petroleum Products
Company.
1925 A pipeline was built to connect Turner Valley to
Calgary.
1928Seven years of intensive
research by Dr. Carl Clark, distinguished
scientist and one of the first Scientific and
Industrial Research Council of Alberta
(SIRCA) employees, on methods of separating bitumen from oil sands,
using laboratory facilities and a small
Edmonton pilot plant—culminates in the
application of a patent.
1930The provincial government began
to establish measures to reduce wastage in the field.
Research aimed at eliminating water and mineral matter from crude bitumen at northern pilot plant near Fort McMurray.
1931-32Alberta government initiates 5%
royalty tax Investigations aimed at further
improvement in bitumen recovery result in publication of the paper "Hot Water Separation of Bitumen from Alberta Bituminous Sands" by K.A. Clark and D.S. Pasternack, in Industrial and Engineering Chemistry, a chemical journal of worldwide circulation.
1934The company began drilling and struck oil in
1936. 1938
Alberta Government forms EUB to police production practices
1939,Seventy wells that produced an annual revenue
of $10 million. 1945
Oil found in Saskatchewan
The post World War II oil boom began on 13 February, 1947 Leduc, south of Edmonton.
The Leduc oilfield was a 200-million-barrel discovery and further exploration uncovered the existence of a large oil field in the area.
Post-Leduc Oil and Gas Exploration and Development
1940 and 1950 American and British oil companies entered Alberta
1950 Significant gas reserves were also discovered near
Calgary1951
Alberta raises Royalties to 16.5%
1953-1957Pipelines built across Canada
for US export1960
OPEC formed1973
The federal government also reacted quickly to the crisis by imposing a freeze on oil
prices. 1975
Canada was in a serious trade deficit position in the oil
industry.
1980Clark’s first budget promised a $4 increase per
barrel in oil prices in 1980.1981
Alberta cut the flow of oil to eastern Canada by five percent.
1982Despite the concessions that Lougheed received
from the federal government, complex factors caused Alberta’s oil boom to collapse.
The Expansion of Alberta’s Oil and Gas Economy
Year
Wells Barrels(millions)
ExplorationExpenditure($ millions)
1947 502 6.3 25
1960 9,878 133.5 353
1972 14,168 522.2 870
Oil and Gas Industry by Well Count in the NADC Region
The number of wells producing oil and gas rose steadily from 1990 to 2002
indicating a strong industry capable of overcoming the swings in commodity
prices on the international market.
November 28, 2007 Flames and smoke rise above Enbridge’s oil pipeline fire
that killed two workers near Enbridge Energy Partners terminal in Clearbrook, Minn. In April 2007, the same pipeline ruptured in Saskatchewan.
Enbridge has reported two other leaks in its Canadian lines since 2001
August 26, 2008The Alberta government projects an $8.5-billion
budget surplus for the fiscal year. The figure is $7 billion more than the surplus projected in the April budget, due to oil and gas revenues that exceeded expectations.
The government projects oil prices to average $119.25 a barrel over the fiscal year, up from the $78 a barrel projected in the budget.
November 18, 2008The announcement comes as oil prices have slid
below $55 a barrel, down from $147 a barrel in July.
2009Baytex Energy Trust
agreed to buy heavy-oil assets in southwest Saskatchewan and natural-gas properties in west-central Alberta for C$93 million.
The assets will produce the equivalent of about 3,000 barrels of oil a day over the rest of 2009, according to a Marketwire statement today.
http://www.nadc.gov.ab.ca/industry/NADC-Area/NADC%20Oil%20&%20Gas/Oil%20and%20Gas%20in%20the%20NADC%20area.pdf
http://www.abheritage.ca/abresources/history/oilsands_timeline_text.html http://www.google.ca/images?
hl=en&q=picture+of+Alberta+oil&sa=N&start=21&ndsp=21 http://images.google.ca/images?
hl=en&um=1&q=picture+of+alberta+oil+and+gas+in+water&sa=N&start=714&ndsp=21
http://www.ucalgary.ca/applied_history/tutor/calgary/oil.html http://www.ucalgary.ca/applied_history/tutor/calgary/turnervalley.html http://www.ucalgary.ca/applied_history/tutor/calgary/pipelines.html http://www.ucalgary.ca/applied_history/tutor/calgary/energycrisis.html http://www.ucalgary.ca/applied_history/tutor/calgary/FRAME1947.html http://www.edukits.ca/petroleum/documents/webquest.pdf
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