This data set has estimated Canadian monthly production data by province. The Canada Energy Regulator estimates production based on provincial data. The estimated production is also available at this page: https://www.cer-rec.gc.ca/en/data-analysis/energy-commodities/crude-oil-petroleum-products/statistics/estimated-production-canadian-crude-oil-equivalent.html.

Alberta was by far the leading oil producing province in Canada in 2023, accounting for around 84 percent of the country's total oil production. Saskatchewan and Newfoundland and Labrador had the second and third largest oil production share that year, at 10.2 and nearly five percent, respectively.

Alberta is by far the largest oil producing province in Canada. In 2024, around 4.3 million barrels of oil were produced in Alberta every day. Heavy oil, such as non-upgraded bitumen, made up the majority of oil sourced from this region.

Supply and disposition characteristics such as production (fuels include heavy crude, synthetic crude, etc.), input to refineries, exports and others. The data are available at the national and provincial levels. Not all combinations necessarily have data for all years.

This data set has estimated Canadian monthly production data by province. The Canada Energy Regulator estimates production based on provincial data. The estimated production is also available at this page: https://www.cer-rec.gc.ca/en/data-analysis/energy-commodities/crude-oil-petroleum-products/statistics/estimated-production-canadian-crude-oil-equivalent.html.

Key information about Canada Crude Oil: Production

• Canada Crude Oil: Production was reported at 1,224.860 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 1,231.074 Barrel/Day th for Dec 2022
• Canada Crude Oil: Production data is updated yearly, averaging 1,263.190 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 1,742.330 Barrel/Day th in 1973 and a record low of 563.836 Barrel/Day th in 1960
• Canada Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Crude Oil Production in Canada decreased to 4783 BBL/D/1K in February from 5015 BBL/D/1K in January of 2025. This dataset provides the latest reported value for - Canada Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, Canada imported 16.9 million metric tons of crude oil from the United States, which was the largest quantity Canada imported from any country. Canadian crude oil In 1858, the first oil deposit in North America was found in Ontario, Canada. Today, however, Canada’s largest volume of crude oil is produced in Saskatchewan. Although Canada is a net exporter of crude oil, Canada also imports crude oil due to a variety of factors. These factors include varying oil types: Canada produces mainly heavy crude oil, yet has demand for light crude oil nevertheless. International oil prices are another factor. While the U.S. is Canada’s largest source of crude oil imports, the U.S. is also the largest importer of Canadian crude oil by a large margin. History of crude oil and its uses The beginning of the developed oil industry can be traced back to 1837 in Baku, Azerbaijan, where the first oil refinery was created. Seven years later, came the first modern oil well. This oil well accounted for more than 90 percent of the world’s oil production. More commercial oil wells were gradually developed in Poland, Romania, Canada, and the United States. The first major oil company was the Standard Oil Company, created by John. D. Rockefeller. Crude oil is refined into petroleum, which is then used for heating buildings, creating electricity, gasoline, and among others.

Canada Oil and Gas Upstream Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024 to 2031.

The oil and gas upstream is defined as the segment responsible for the exploration, extraction, and initial processing of crude oil and natural gas. Activities in this sector are primarily focused on locating and developing new reserves, with the use of advanced geological and technological tools being extensively applied.

Increasing investments in unconventional resource development, such as oil sands and shale gas, have been driving the growth of this sector. Rising global energy demands and advancements in extraction technologies have enabled previously inaccessible reserves to be tapped, enhancing production capabilities. The upstream market in Canada is further supported by robust export opportunities and policies that aim to strengthen the country’s role in the global energy supply chain.

Alberta is the region with the highest capital expenditure within Canada's petroleum industry. In 2021, some 9.2 billion Canadian dollars were spent by Alberta's petroleum industry. This was notably more than spent by the petroleum industry in British Columbia, which ranked second.

Canada has abundant resources of crude oil, with an estimated remaining ultimate potential of 52.3 106m³ (329 billion barrels) as of December 2017. Of this, oil sands account for 92 per cent. There are two major producing areas in Canada, the Western Canada Sedimentary Basin, which includes Alberta, Saskatchewan and parts of British Columbia and Manitoba, and offshore eastern Canada. Oil is also produced in modest volumes in Ontario and the Northwest Territories. Although Canada was the 4th largest producer in the world in 2018, it produces only about five per cent of total daily production, so it does not have a major influence on the world oil prices. In 2018, 96 per cent of Canadian crude exports went to the U.S. The Canada Energy Regulator regulates the export of crude oil. Holders of export authorizations report monthly statistics on export activities. This dataset provides historical export volumes of crude oil (by year and month), and by either type of oil or by destination of export.

The Canadian oil and gas upstream industry, encompassing exploration, development, and production, presents a dynamic market landscape characterized by significant growth potential. With a market size exceeding $XX million in 2025 and a compound annual growth rate (CAGR) exceeding 4.50%, the sector is poised for substantial expansion through 2033. Several factors drive this growth, including robust global energy demand, particularly for natural gas, coupled with Canada's substantial reserves and established infrastructure. Technological advancements in extraction methods, such as enhanced oil recovery techniques and horizontal drilling, further contribute to increased production efficiency and profitability. However, the industry faces considerable headwinds, including fluctuating global oil prices, stringent environmental regulations aimed at reducing carbon emissions, and increasing pressure for responsible resource management. The market is segmented into onshore and offshore operations, with onshore activities currently dominating due to established infrastructure and lower development costs. Major players such as TotalEnergies SE, Exxon Mobil Corporation, Chevron Corporation, BP PLC, Shell PLC, Cenovus Energy Inc, ConocoPhillips, and Tourmaline Oil Corp are actively engaged in the Canadian upstream sector, constantly adapting to market dynamics and regulatory changes. The growth trajectory is significantly influenced by government policies, international trade relations, and the evolving global energy mix. Competition for investment capital and skilled labor is also impacting the sector’s development. The forecast period from 2025 to 2033 anticipates continued growth, albeit potentially at a moderated pace compared to previous years. This moderation could be attributed to a combination of factors including increased production efficiency leading to supply stability and potentially lower price volatility, increased investment in renewable energy alternatives, and ongoing efforts to enhance environmental sustainability within the oil and gas sector. Regional variations within Canada itself are expected, with certain provinces benefiting from specific geological advantages and governmental support. The future success of Canadian oil and gas upstream companies hinges on their ability to adapt to the changing energy landscape, balance economic profitability with environmental responsibility, and embrace technological innovation to maintain a competitive edge in the global marketplace. Recent developments include: In January 2021, Chevron Canada, Equinor Canada, and BHP Petroleum (New Ventures) secured approvals from the Environment and Climate Change Minister to conduct drilling at three offshore drilling projects east of St. John's, Newfoundland, and Labrador. The companies have proposed operating offshore platforms like ships and helicopters to conduct exploration drilling and well testing.. Notable trends are: Offshore Segment to Witness Significant Growth.

The locations of wells that have been drilled for oil production, gas or salt resources or for underground storage of hydrocarbons. This data can be used for land use and resource management, emergency management, as well as compliance and enforcement in the petroleum industry. The Data is collected on an on-going basis and maintained in the Ontario Petroleum Data System (OPDS). *[OPDS]: Ontario Petroleum Data System

The Energy Futures series explores how possible energy futures might unfold for Canadians over the long term. Canada’s Energy Future 2020: Energy Supply and Demand Projections to 2050 (EF2020) is our latest long-term energy outlook. It is the first outlook in the series to provide projections to 2050. It covers all energy commodities, and all provinces and territories. We use economic and energy models to develop this outlook. We also make assumptions about technology, energy and climate policies, energy markets, human behaviour and the economy.

(StatCan Product) Oil and gas commodity data, conventional and non-conventional, marketable production and values for Canada, provinces and territories. Customization details: This information product has been customized to present 2013 energy data from the following sectors: Conventional sector, Royalty Allocation, Alberta only, Principal Statistics, Provinces and Territories, Net Cash Expenditures, Provinces and Territories. Non-Conventional Oil Sector: Value Added, Alberta only, Expenditures, Alberta only. 2013 Data Marketable Production and Values: Crude oil, Synthetic crude oil, Natural gas, Condensate, Crude bitumen, Pentanes plus, Propane, Butanes, Ethane, Commodity Data, Oil and Gas Extraction, Provinces and Territories.

Data presented on petroleum and other liquids by supply and disposition characteristics (e.g., production, exports, inventories, products supplied). Not all combinations are available.

Alberta is the largest natural gas producing province in Canada. In 2020, over 121 billion cubic meters of natural gas were sourced from gas fields in Alberta. This was nearly double the amount extracted in British Columbia, which ranked second.

Oil drilling and gas extraction in Canada have grown tremendously, resulting from rising prices and additional investment in production. Oil and gas companies suffered significantly in 2020 amid the pandemic as prices drastically fell amid lockdowns. As the economy reopened, the need for oil and gas became apparent and prices skyrocketed, bolstering revenue. The Russia-Ukraine conflict further exacerbated this, causing exports to surge as foreign countries looked elsewhere to get oil and gas. While prices crept down later in the period, they remained elevated and well above pre-pandemic levels. Overall, revenue is expected to climb at a CAGR of 6.4% to $151.1 billion through the end of 2025, including a 7.6% dip in 2025 alone, as prices are projected to dip amid global energy tariffs imposed by the US. While these tariffs do not directly impact Canada, they will have trickle-down effects on global prices. Profit has also fluctuated alongside price shake-ups. Despite operating volatility, Canada remains one of the largest energy producers in the world. Expanded use of hydraulic fracturing and horizontal drilling techniques has enabled companies to tap into previously uneconomical deposits, notably in Alberta's oil sands. New entrants used the oil sands as an opportunity and flocked to the region. The size of Canada's proven reserves trails only Saudi Arabia and Venezuela. Canada also remains one of the largest export sources of oil and gas products for the United States. Through 2030, oil and gas companies are set to face a modest slowdown. Both global natural gas and crude oil prices are set to push down, constraining revenue. Nonetheless, Canadian oil prices are set to creep up, allowing domestic companies to stay afloat. The rapid popularity of renewable energy will carry over as government incentives and public opinion have led many end markets to rely less on fossil fuels because of their harmful environmental effects. Oil drilling and natural gas extraction revenue is expected to creep upward at a CAGR of 1.3% to $160.1 billion through the end of 2030.

(StatCan Product) Oil and gas commodity data, conventional and non-conventional, marketable production and values for Canada, provinces and territories. Customization details: This information product has been customized to present 2012 energy data from the following sectors: Conventional sector - Royalty Allocation, Alberta only, Principal Statistics , Provinces and Territories, Net Cash Expenditures, Provinces and Territories; Non-Conventional Oil Sector - Value Added, Alberta only, Expenditures, Alberta only. 2012 Data - Marketable Production and Values: Crude oil, Synthetic crude oil, Natural gas, Condensate, Crude bitumen, Pentanes plus, Propane, Butanes, Ethane; Commodity Data, Oil and Gas Extraction; Provinces and Territories.

Data presented at the national and provincial levels, by refined petroleum products (propane and propane mixes, motor gasoline, heavy fuel oil, etc.) and by supply and disposition characteristics (refinery production; Inter-product transfers, exports, etc.). Not all combinations are available.