Oil and Gas in North America Industry Statistics
The oil and gas industry is one of the many high-risk industries around the world, including North America. How health and safety is managed on site is critical.
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Did you know…
- U.S. oil production reached 10.04 million barrels per day (b/d) in December 2017 and 10.96 million b/d in July 2018
- U.S. natural gas gross withdrawals reached 96.97 billion cubic feet per day (Bcf/d) in December 2017 and 100.24 Bcf/d in July 2018
- Members of the Organization of the Petroleum Exporting Countries (OPEC) produce about 44.1% of the world’s crude oil, and possess almost 81.5% of the world’s total proven crude oil reserves, according to OPEC and US Energy Information Administration data
- Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes
- In October 2017, the United States produced about 9.6 million barrels of crude oil per day
- The United States leads the world in total petroleum production, ahead of Saudi Arabia and Russia in 2017
- The United States consumed an average of 19.53 million barrels of petroleum products per day in 2016
- The United States is the world’s largest consumer of petroleum products
- In 2016, about 25% of the petroleum used in the United States was imported. About 38% of this petroleum is imported from Canada
- The world uses over 36 billion barrels of oil per year
- The United States is the top oil producer in the world
- Employee compensation within the oil and gas industry is up
- Canada is the fourth largest producer and fourth largest exporter of oil in the world
- 98% of Canada’s proven oil reserves are located in the oil sands
- 99% of Canada’s oil exports go to the U.S.
- GHG emissions per barrel of oil produced in the oil sands have fallen 29% since 2000
- The oil sands accounted for 64% of Canada’s oil production in 2017 or 2.7 million barrels per day
- The oil sands have an estimated $301 billion of capital investment to date, including $12.8 billion in 2017
- The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada
- In 2017, Canada was the largest foreign supplier of crude oil to the U.S., accounting for 43% of total U.S. crude oil imports and for 21% of U.S. refinery crude oil intake
- Canada exported 3.3 million barrels per day to the U.S. in 2017, 99% of all Canadian crude oil and equivalent exports
- Globally, Canada is the fourth largest producer and fifth largest exporter of natural gas
- Canadian marketable resources of natural gas can sustain current production levels for up to 300 years
- Canadian and U.S. natural gas markets are highly integrated, with 20% of Canadian consumption coming from the U.S.
- In 2017, Canada-U.S. production in the natural gas industry reached 90.3 billion cubic feet per day (Bcf/d) or 2.6 billion cubic metres per day (Bcm/d)
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