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Oil and gas extraction industry: Volume and value of marketable production, 2014

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Released: 2015-09-18

Crude oil and equivalent products production increased 7.4% from 2013 to 209.4 million cubic metres in 2014, the fourth consecutive annual increase in oil production.

Marketable production of natural gas rose 4.5% to 147.1 billion cubic metres, while natural gas by-products increased 3.1% to 38.8 million cubic metres.

Value of marketable production increases

The value of crude oil and equivalent products production rose 13.2% to $115.1 billion. The value of natural gas marketable production increased 49.9% to $22.7 billion, and the value of natural gas by-products was up 7.4% to $12.5 billion.

  Note to readers

Data are subject to revision.

Data for 2010 to 2013 have been revised.

The oil and gas extraction industry includes establishments primarily engaged in operating oil and gas field properties. This includes the production and extraction of oil from oil shale and oil sands.

Crude oil and equivalent products include crude oil, crude bitumen, synthetic crude oil and condensate.

Natural gas by-products include ethane, propane, butane and pentanes plus. Elemental sulphur is not included.

Additional information on the oil and natural gas extraction industry is available in the Daily release "Oil and gas extraction industry: Capital and operating expenditures, 2014" published on September 18, 2015.

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