Industry Facts - Ontario
27,000 wells on record
80 wells drilled each year
1,200 active oil wells
900 active natural gas wells on land
500 active natural gas wells off shore
700,000 barrels of oil production per year
300 million metres cubed of natural gas production per year
Average production value of oil and natural gas per year $150,000,000
7 billion cubic metres of natural gas storage capacity
22 million barrels hydrocarbon storage capacity in solution-mined salt caverns
250,000 tonnes of salt is produced each year in Ontario
(numbers based on a 5-year average)
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Source:
Petroleum Resources Centre, Ministry of Natural Resources
Oil, Gas & Salt Resources Library