Showing posts with label Leduc. Show all posts
Showing posts with label Leduc. Show all posts

Friday, June 29, 2007

Leduc Anniversary Celebrations

David Finch will be doing a pre-publication signing of PUMPED in Leduc on Saturday, August 11, 12-5 pm, at the Canadian Petroleum Discovery Centre
It's the DISCOVERY DAYS WEEKEND
A 60th Anniversary community celebration! Oil show, home coming, strawberry tea, steak dinner and dance (Saturday night), rib cook-off (Sunday night), live music, working drilling rigs, Peter Puffin children's entertainment, old time games and family fun!

Tuesday, May 29, 2007

The Next Sixty Years

The Alberta government's Royalty Review Panel passed through Calgary last week and got several earsful of comments about what should be done about the income the people of Alberta get from oil and gas.

Individuals, companies and associations made good points, but each perspective was also short-sighted and preoccupied with a narrow agenda - making money for one just one group.

Sixty years ago drillers discovered a new oilfield at Leduc and today its all over - the oil and gas is gone.

Where do we want to be sixty years from now? Will new technology have replaced oil and gas, coal and hydro? Not likely.

But we know the easy work is in the past. New sources of oil and gas are harder to find, more expensive to produce and demand a much higher price at the pump.

Let's take the long view, for a change. We need leadership at all levels - in industry, all levels of government, and in social groups too.

Albertans want plans that are sustainable, encourage innovative technologies, that are environmentally responsible and that show us to be careful stewards of our wonderful birthright.

Prosperity, stability and predictability - these were all requested at the Royalty Review Panel. Let's all think about the big picture, not just our individual interests, and find innovative new ways to share the wealth and assure our future.

Wednesday, May 2, 2007

Leduc - Life and Death of an Oilfield

Canadians gobble up oil and gas resources 100,000 times faster than nature creates them. That's why the story of a massive oilfield like the one discovered in 1947 near Leduc, Alberta is so important.
Imperial Oil drilled a discovery well and more than 1000 wells followed. Alberta went from a poor province to one of Canada's wealthiest in just a decade.
Pipelines built during the 1950s and 1960s transported oil and gas to central Canada and the mid-western United States as well as to British Columbia and California.
But by the 60th anniversary of the discovery of oil at Leduc, in 2007, it was all over. Leduc's productive days are done.
At its peak Leduc produced over a million barrels of oil each day - as much as is coming out of the oil sands today.
Leduc made Alberta rich and allowed it to become a powerful province in the dominion of Canada. Hospitals, roads, bridges, universities, skating rinks and swimming pools all came from its generosity.
Today, conventional oil is in decline in Alberta so producers are now counting on on smaller pools of oil and gas, coal bed methane and the oil sands to keep them in business. And they're looking elsewhere in Canada and overseas for more supplies.
Petroleum production from the North may one day become an important part of the Canadian supplies and Alberta is perfectly situated to help build the infrastructure to move oil and gas from remote areas to continental markets.
The days of easy wealth are behind us.