Resource Wealth of the North
Alberta boasts the third-largest petroleum reserves in the world, following Saudi Arabia and Venezuela. With more than two dozen unique geological formations running underground, the County of Grande Prairie is a significant player in the oil and gas sector of Northwestern Alberta. These have seen the Grande Prairie area maintain steady levels of activity growth since 2018, as reported through both well licenses and completions.
As a central hub of Alberta and Northern B.C.’s traditional oil and gas industry, the County of Grande Prairie is primed to meet the needs of additional heavy industry and large-scale projects, thanks to modern divided highways, rail access, flexible zoning bylaws, and robust telecommunications, even out in the field.
An Experienced Workforce
Grande Prairie County No. 1 produced 6.7 billion m of natural gas in 2020, the 5th highest in the province and has increased 45.6% in the last 5 years. The County increased oil production by 32.2% in the last 5 years to 1.1 Million m in 2020. It is estimated that over 150,000 Albertans work directly in the oil and gas industry, or in a related field. Of those, approximately 132,000 work in oil and gas extraction, 10,000 work in electricity, and 2,000 in both the coal and pipeline industries.
The Alberta Hub
Alberta is considered a vital hub in providing natural gas to markets across North America. Over 392,000 kilometers of energy-related pipelines in the province help to transport approximately 15 billion cubic feet of oil and natural gas each day to markets throughout North America. Alberta also boasts significant storage capacity.
Recent additions within the County have added to its prominence on the energy sector landscape.
Nauticol’s planned $2.6-billion USD world-class methanol facility is located within the County, 10 km south of the City. It will be one of the largest in the world, the largest in Canada, and is a sign of value-added opportunities in the region.
In addition, Tenaris’ manufacturing service center, located west of Grande Prairie, is a $20-million USD investment constructed as a supply chain solution base to support oil and gas customers in Western Canada, including the Montney and Duvernay shale gas formations.
Ready to Learn More?
Questions? Want to learn more?
Contact us using the form below to arrange a customized information package about our exciting and vibrant region. Or, call the County of Grande Prairie’s Economic Development Officer Chris King directly at 780-532-9722