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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$129bn
Annual Growth 09-14
7.8%
Annual Growth 14-19
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Profit
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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 Key Buyers Chapter

Market share concentration within the Oil Drilling and Gas Extraction industry in Canada is low, as the top four companies are expected to account for an estimated 39.6% of industry revenue in 2014. Of these, Suncor and Canada Natural Resources will generate the largest share of revenue, at a combined 26.4% of industry revenue in 2014.

Still, the industry consists of many large, multinational energy companies that operate on a global scale. The dispersion of the industry across Canada as well as the global-scale in which its companies compete on are representative of an industry with low market share concentration. These characteristics make it difficult for even major oil companies to control more than a small share of output... 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


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