Grande Prairie region is home to some of Canada’s top oil and gas companies. The city located in northwest Alberta, Canada within the southern portion of an area known as Peace River Country. It is located at the intersection of Highway 43 and Highway 40, approximately 456 km northwest of Edmonton. The city is surrounded by the County of Grande Prairie No. 1.
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Grande Prairie Wells Drilled Q1 2024
Grande Prairie Oil & Gas Operators
Detailed list of active Oil & Gas Operators in Grande Prairie
Grande Prairie New Well Permits Last 30 Days
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Grande Prairie Wells Drilled Last 365 Days
Detailed list of wells drilled in Grande Prairie lsat 365 days
Grande Prairie Rig Report
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About Grande Prairie Oil & Gas
The Grande Prairie area in Alberta, Canada, is a significant hub for oil and gas activity, situated in the western part of the province. Here are key aspects regarding Grande Prairie’s oil and gas industry:
- Resource Richness:
- Grande Prairie is located within the Western Canadian Sedimentary Basin (WCSB), one of the largest sedimentary basins globally, which holds extensive oil and gas resources.
- The region is known for its reserves of conventional oil and natural gas, as well as unconventional resources like tight oil and shale gas.
- Montney Formation:
- The Montney Formation, a prolific shale formation, underlies much of the Grande Prairie area. It contains significant reserves of both natural gas and natural gas liquids (NGLs), such as condensate.
- Development of the Montney Formation has been a major focus of oil and gas exploration and production in the region.
- Oil Sands:
- While not as prevalent as in other parts of Alberta like the Athabasca Oil Sands region, Grande Prairie and its surrounding areas also have deposits of bitumen, a heavy crude oil found in oil sands formations.
- Economic Importance:
- The oil and gas industry plays a crucial role in the economy of Grande Prairie and the surrounding Peace River region. It supports numerous jobs, businesses, and services in sectors like exploration, drilling, production, transportation, and services.
- Technological Advancements:
- Technological innovations, such as horizontal drilling and hydraulic fracturing, have enabled more efficient extraction of oil and gas resources, particularly from unconventional formations like the Montney.
- These advancements have contributed to increased production rates and improved resource recovery in the region.
- Environmental and Regulatory Considerations:
- Environmental protection and regulatory compliance are significant aspects of oil and gas operations in Grande Prairie.
- Measures are taken to mitigate potential environmental impacts, including water management, air quality monitoring, land reclamation, and wildlife protection.
- Infrastructure Development:
- Infrastructure such as pipelines, processing facilities, and transportation networks has been developed to support the extraction, processing, and distribution of oil and gas resources from the Grande Prairie region.
Overall, Grande Prairie’s oil and gas industry is a vital component of Alberta’s energy sector, contributing to provincial and national energy security and economic prosperity.