The oil and gas industry in British Columbia (BC), Canada, plays a notable role in the province’s economy. While not as prominent as the oil sands in Alberta, BC has significant hydrocarbon resources, including both conventional and unconventional reserves. The industry encompasses various activities, including exploration, production, refining, and transportation of oil and natural gas.
Data Download Center
BC Oil & Gas Operators
Detailed list of active Oil & Gas Operators in BC
BC New Well Permits Last 30 Days
Detailed list of new well permits last 30 days in BC
BC Wells Drilled Last 365 Days
Detailed list of wells drilled in BC last 365 days
BC Rig Report
Detailed list of active drilling rigs in BC last 30 days
Here are some key aspects of the BC oil and gas industry:
- Natural Gas Production: British Columbia is a major producer of natural gas. The province’s Montney and Horn River shale formations are significant sources of unconventional natural gas. Advances in drilling technologies, such as hydraulic fracturing (fracking) and horizontal drilling, have enabled the extraction of natural gas from these formations.
- Liquefied Natural Gas (LNG): BC has been exploring opportunities in the liquefied natural gas sector. There have been proposals for LNG export terminals on the province’s coast to ship natural gas to international markets, particularly in Asia. These projects involve the liquefaction of natural gas for easier transportation.
- Oil Production: While natural gas is more dominant, BC also has conventional and unconventional oil resources. The Duvernay shale formation is one of the areas where oil extraction activities occur.
- Pipeline Infrastructure: The province is traversed by various pipeline systems that transport oil and natural gas. These pipelines connect production areas to processing facilities, refineries, and export terminals. Pipeline projects and expansions are subject to regulatory processes and public scrutiny.
- Environmental and Regulatory Considerations: The BC oil and gas industry operates within a regulatory framework that includes environmental assessments and considerations. The province has seen discussions and debates around balancing economic development with environmental protection, especially concerning pipeline projects and LNG developments.
- Employment and Economic Impact: The oil and gas industry contributes to employment and economic activity in the province. It supports jobs in exploration, drilling, production, and associated services. However, the industry’s economic impact can be influenced by global commodity prices, market demand, and regulatory conditions.
It’s important to note that the dynamics of the oil and gas industry can evolve over time due to various factors, including market conditions, technological advancements, and government policies.
Oil & Gas Operators by Play/Basin
