SEARCH   
MEMBER LOGIN    

Oil Drilling & Gas Extraction in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil Drilling & Gas Extraction in Canada Market Research Report | NAICS 21111CA | Apr 2014

Knowing the drill: Despite past volatility, high crude oil prices will keep revenue growing

IBISWorld’s Oil Drilling & Gas Extraction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$129bn
Annual Growth 09-14
7.8%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
39,983
Businesses
2,566
Industry Analysis & Industry Trends

Over the past five years, the industry has been marked by extreme volatility associated with crude oil and natural gas prices, leading to an overall decline in industry revenue. Nonetheless, crude oil prices are anticipated to stay elevated, helping revenue grow. Over the next five years, Canada will continue to rely on the United States for a significant portion of crude oil and natural gas sales. Continued growth in production in oil sands will also facilitate a projected revenue increase... purchase to read more

Industry Report - Industry Products Chapter

The main products of the Oil Drilling and Gas Extraction industry in Canada are crude oil (including natural gas plant liquids) and natural gas. Generally, it is not unusual for product shares in this industry to vary quite markedly over short periods of time (one or two years) depending on the pace of price movements and output trends. Such is the case with the recent suppression in natural gas prices, a trend that exacerbated the discrepancy in revenue shares between the two products. On the other hand, skyrocketing prices in crude oil expanded its share of revenue. Variation in product shares is also affected by production from new fields, as it tends to come on-stream in fairly large increments, adding to the potential for substantial shifts in product shares... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil Drilling & Gas Extraction Industry?

Firms in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Firms may operate oil and gas wells on their own account or for others on a contract or fee basis.

Industry Products
Crude oilNatural gas
 
Industry Activities
Oil extractionNatural gas extractionExploration of crude oil and natural gas


View Sample
Quote
Select Clients