Alberta's oilpatch is on the upswing: Here's the proof
http://calgaryherald.com/business/energy/albertas-oilpatch-is-on-the-upswing-heres-the-proofFebruary 13, 2017
...Here are some of the numbers:
Shipments of energy products rose to C$8.52 billion ($6.47 billion) in December, the highest since November 2014 and almost double the 2016 low.
Canada exported C$22.7 billion in energy products last quarter, the most since 2014.
Heavy crude exports climbed to a record 396,000 barrels a day in November amid rising production, according to the latest National Energy Board data.
Crude by rail exports surged to 120,000 barrels a day, the highest in more than a year, as pipeline capacity grew scarcer.
Output in the oil and gas industry in November climbed 6.1 percent from December 2015 levels. That’s four times the pace of growth for the economy as a whole.
The number of active drill rigs topped 300 in the last month, almost 50 percent more than a year earlier and approaching 2014 levels.
Suncor’s production jumped to a record 738,500 barrels last quarter.
That’s just the short-term outlook. The long-term is also beginning to look rosier too.
One of U.S President Donald Trump’s earliest executive orders revived TransCanada Corp.’s Keystone XL pipeline after the project was rejected by President Barack Obama in 2015. In November, Trudeau approved two expanded crude export pipelines — Kinder Morgan Inc.’s Trans Mountain and Enbridge Inc.’s Line 3. The three pipelines combined represent a $20 billion investment, and will add sufficient capacity to handle about 20 years of expanding oil production in western Canada, according to National Energy Board oil production estimates.