Economy of Saskatchewan - Oil and Gas

Oil and Gas

Oil and natural gas production is also a very important part of Saskatchewan's economy, producing more oil than gas. Only Alberta exceeds the province in overall oil production. The first oil well was drilled as early as 1874 at Fort Pelly. Heavy crude is extracted in the Lloydminster-Kerrobert-Kindersley areas. Light crude is found in the Kindersley-Swift Current areas as well as the Weyburn-Estevan fields. Natural gas is found almost entirely in the western part of Saskatchewan, from the Primrose Lake area through Lloydminster, Unity, Kindersley, Leader, and around Maple Creek areas. Saskatchewan supplies about 10% of Canadian oil reserves and 25% of the nation's natural gas reserves.

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