Alberta
Alberta’s massive oil and gas reserves keep growing – here’s why
From the Canadian Energy Centre
Q&A with Mike Verney, executive vice-president, McDaniel & Associates
New analysis commissioned by the Alberta Energy Regulator has increased the province’s natural gas reserves by 440 per cent, bumping Canada into the global top 10.
Alberta’s oil reserves – already fourth in the world – also increased by seven billion barrels.
The report was conducted by Calgary-based consultancy McDaniel & Associates. Executive vice-president Mike Verney explains what it means.
CEC: What are “reserves” and why do they matter?
Verney: Reserves are commercial quantities of oil and gas to be recovered in the future. They are key indicators of future production potential.
For companies, that’s a way of representing the future value of their operations. And for countries, it’s important to showcase the runway they have in terms of the future of their oil and gas.
Some countries that have exploited a lot of their resource in the past have low reserves remaining. Canada is in a position where we still have a lot of meat on the bone in terms of those remaining quantities.
CEC: How long has it been since Alberta’s oil and gas reserves were comprehensively assessed?
Verney: Our understanding is the last fully comprehensive review was over a decade ago.
CEC: Does improvement in technology and innovation increase reserves?
Verney: Technological advancements and innovation play a crucial role in increasing reserves. New technologies such as advanced drilling techniques (e.g., hydraulic fracturing, horizontal drilling), enhanced seismic imaging and improved extraction methods enable companies to discover and access previously inaccessible reserves.
As these reserves get developed, the evolution of technology helps companies develop them better and better every year.
CEC: Why have Alberta’s natural gas reserves increased?
Verney: Most importantly, hydraulic fracturing has unlocked material volume, and that’s one of the principal reasons why the new gas estimate is so much higher than what it was in the past.
The performance of the wells that are being drilled has also gotten better since the last comprehensive study.
The Montney competes with every American tight oil and gas play, so we’re recognizing the future potential of that with the gas reserves that are being assigned.
In addition, operators continue to expand the footprint of the Alberta Deep Basin.
CEC: Why have Alberta’s oil reserves increased?
Verney: We discovered over two billion barrels of oil reserves associated with multilateral wells, which is a new technology. In a multilateral well, you drill one vertical well to get to the zone and then once you hit the zone you drill multiple legs off of that one vertical spot. It has been a very positive game-changer.
Performance in the oil sands since the last comprehensive update has also gone better than expected. We’ve got 22 thermal oil sands projects that are operating, and in general, expectations in terms of recovery are higher than they were a decade ago.
Oil sands production has grown substantially in the past decade, up 70 per cent, from two million to 3.4 million barrels per day. The growth of several projects has increased confidence in the commercial viability of developing additional lands.
CEC: What are the implications of Alberta’s reserves in terms of the province’s position as a world energy supplier?
Verney: We’re seeing LNG take off in the United States, and we’re seeing lots of demand from data centers. Our estimate is that North America will need at least 30 billion cubic feet per day of more gas supply in the next few years, based on everything that’s been announced. That is a very material number, considering the United States’ total natural gas production is a little over 100 billion cubic feet per day.
In terms of oil, since the shale revolution in 2008 there’s been massive growth from North America, and the rest of the world hasn’t grown oil production. We’re now seeing that the tight plays in the U.S. aren’t infinite and are showing signs of plateauing.
Specifically, when we look at the United States’ largest oil play, the Permian, it has essentially been flat at 5.5 million barrels per day since December 2023. Flat production from the Permian is contrary to the previous decade, where we saw tight oil production grow by half a million barrels per day per year.
Oil demand has gone up by about a million barrels a day per year for the past several decades, and at this point we do expect that to continue, at the very least in the near term.
Given the growing demand for oil and the stagnation in supply growth since the shale revolution, it’s expected that Alberta’s oil sands reserves will become increasingly critical. As global oil demand continues to rise, and with limited growth in production from other sources, oil sands reserves will be relied upon more heavily.
Alberta
Thousands of Albertans march to demand independence from Canada
From LifeSiteNews
Thousands of Albertans marched upon the province’s capital of Edmonton this past Saturday in the “I Am Alberta Rally,” calling for the province to immediately secede from Canada in light of increasing frustration with the Liberal federal government.
The rally saw an estimated 20,000 to 30,000 people march on the steps of the Alberta legislative building, demanding that a referendum be held at once to allow Alberta to leave Canada.
“We can’t delay. We can’t slow down,” well-known freedom lawyer Keith Wilson said at the rally as he spoke to the crowd.
“This is our moment. This is our future. For our families, for our children, for Alberta. Alberta will be free.”
The group behind the rally, the Alberta Prosperity Project (APP), bills itself as a sovereignty advocacy group. As reported by LifeSiteNews earlier this year, the APP wants to put Alberta independence to a question to the people via a referendum.
The rally also comes after certain members affiliated with the APP such as Jeffrey Rath and Dr. Dennis Modry earlier the month met in Washington, D.C. with cabinet-level U.S. politicians to discuss Alberta’s potential independence from Canada.
U.S. President Donald Trump has routinely suggested that Canada become an American state in recent months, often making such statements while talking about or implementing trade tariffs on Canadian goods.
The APP on July 4 applied for a citizen-led petition presented to Elections Alberta that asks, “Do you agree that the Province of Alberta shall become a sovereign country and cease to be a province in Canada?”
The group is hoping to have the referendum on the ballot as early as next year and has accused the Liberal federal government of encroaching on Alberta’s ability to manage its own affairs.”
The group says an independent Alberta would allow it to “keep our resources, grow our economy, and reinvest in Alberta families, businesses and infrastructure.”
As it stands now, the referendum question has been referred to the courts to see whether or not it can proceed.
Alberta Conservative Premier Danielle Smith does not support a fully independent Alberta. However, she does advocate for the province to have more autonomy from Ottawa.
As reported by LifeSiteNews, Smith said her conservative government will allow but not support a citizen-led referendum on independence.
Despite not advocating for an outright separate Alberta, Smith’s government has not stood still when it comes to increasing provincial autonomy.
Smith’s United Conservative government earlier this year passed Bill 54, which sets the groundwork for possible independence referendums by making such votes easier to trigger. The bill lowers the signature threshold from 600,000 to 177,000.
As reported by LifeSiteNews last week, Smith’s government introduced a new law to protect “constitutional rights” that would allow it to essentially ignore International Agreements, including those by the World Health Organization (WHO), signed by the federal Liberal government.
The calls for independence have grown since Liberal leader Mark Carney defeated Conservative rival Pierre Poilievre.
Carney, like former Prime Minister Justin Trudeau before him, said he is opposed to new pipeline projects that would allow Alberta oil and gas to be unleashed. Also, his green agenda, like Trudeau’s, is at odds with Alberta’s main economic driver, its oil and gas industry.
Alberta
Premier Smith sending teachers back to school and setting up classroom complexity task force
Taking action on classroom complexity
As schools reopen, Alberta’s government is taking action by appointing a class size and complexity task force to meet the challenge of increasingly complex classrooms.
Across Alberta, teachers are seeing more students with diverse learning needs and behavioural challenges, while incidents of classroom aggression are rising. To address these challenges head on, and in response to concerns raised by teachers, Alberta’s government will be appointing a Class Size and Complexity Task Force.
We recently formed the Aggression and Complexity in Schools Action Team to identify practical classroom focused solutions. Alberta’s government has received the action team’s draft final report and will use its recommendations to create a roadmap for safer classrooms. Alberta’s government will release the final report, and the task force will implement solutions, work with school boards to gather more data on classroom complexity and begin work to replace the 2004 Standards for Special Education.
“Teachers have made it clear that addressing classroom complexity and safety are among the most critical improvements needed in our education system. We are taking real action to meet those needs by strengthening classroom supports, hiring more teachers and educational assistants, and acting on the recommendations of the Aggression and Complexity in Schools Action Team. Parents, teachers and students all want the same thing – safe and supportive classrooms where every child can succeed.”
Teachers are vital to the success of Alberta’s education system. Over the next three years, school boards will be provided with funding to hire 3,000 teachers and 1,500 new education assistants to support students with complex needs. These funds may also be allocated to additional student support through assessments for complex needs, occupational therapy, physiotherapy or speech-language pathology, and other in-the-classroom supports.
“No teacher should ever be harmed while doing their job. We know that aggressive incidents have gone up sharply in recent years, and classrooms are becoming more complex. That’s why we’re doubling down on efforts to make classrooms safer and to give extra support to students who need it. Our goal is to create learning environments where every student can succeed.”
In November, Alberta’s government will work with school boards to gather information and data about class sizes and composition to ensure students are receiving the support they need. Information will be made available as soon as it is available and will be released annually thereafter.
Quick facts
- Between July and September 2025, the action team conducted engagement sessions with teachers, education partners and school boards through in-person and virtual sessions.
- This included front-line educators, families, disability organizations, community agencies, early learning experts and social service professionals.
- Budget 2025 included $55 million to help address classroom complexity – a 20 per cent increase from the previous year.
Getting Alberta’s kids back to school
If passed, Bill 2, the Back to School Act, will restore stability in Alberta’s education system and ensure students can return to learning without further disruption.
The ongoing teachers’ strike has disrupted classrooms across Alberta, setting back student learning and deepening achievement gaps. Each day schools remain closed, students lose critical instructional time, routine and support. This proposed legislation will end the strike and establish reasonable terms for a new teacher collective agreement.
“This strike has gone on long enough. It’s clear there’s no path forward unless we act. The Back to School Act refocuses everyone on what matters most, the education of Alberta’s students. Bill 2 puts students back at the centre of our system, while we continue to work with teachers and families to build lasting stability in Alberta’s schools.”
The Back to School Act legislates the terms of the September 2025 tentative agreement, which provided a 12 per cent salary increase over four years, additional market adjustments of up to 17 per cent for most teachers, and the hiring of 3,000 teachers and 1,500 educational assistants. The collective agreement will be in effect from Sept. 1, 2024, to Aug. 31, 2028.
“The time for labour stability is now. This legislation provides a positive path forward despite an interrupted school year. This is a necessary step and the most responsible decision for kids, teachers and parents. If Bill 2 is passed, it is my hope that classes will resume as soon as Wednesday, October 29.”
The last deal put on the table by the Alberta Teachers’ Association demanded an additional $2 billion from government. This was a clear display that the union had no intention to bargain in a reasonable manner with the government and present a fair offer.
“We believe invoking the notwithstanding clause is a necessary measure to end the undue hardship caused by the teacher strike. This strike has reached a point that is causing irreparable harm on student learning. Our government will not hesitate to use every available legal tool in defence of students.”
This legislation is the only responsible path forward to restore stability, protect students and ensure Alberta’s classrooms focus back on learning. Alberta’s government remains fully committed to strengthening the education system, supporting teachers, and putting the success and well-being of students at the heart of every decision made.
Key facts
- Bill 2 would end the province-wide teachers’ strike and legislates a new collective agreement.
- The agreement covers Sept. 1, 2024, to Aug. 31, 2028 and provides:
- A 12 per cent salary increase over four years.
- Additional market adjustments of up to 17 per cent for 95 per cent of members.
- 3,000 new teachers and 1,500 educational assistants to reduce class sizes and enhance support.
- These terms reflect the September 2025 tentative agreement recommended by the Alberta Teachers’ Association leadership.
- The legislation includes financial penalties for non-compliance and suspends local bargaining during the agreement to ensure labour stability through 2028.
-
Business2 days agoThe painful return of food inflation exposes Canada’s trade failures
-
Business17 hours agoTrans Mountain executive says it’s time to fix the system, expand access, and think like a nation builder
-
Business2 days agoCBC uses tax dollars to hire more bureaucrats, fewer journalists
-
National2 days agoElection Officials Warn MPs: Canada’s Ballot System Is Being Exploited
-
Business2 days agoPaying for Trudeau’s EV Gamble: Ottawa Bought Jobs That Disappeared
-
Alberta2 days agoCoutts border officers seize 77 KG of cocaine in commercial truck entering Canada – Street value of $7 Million
-
Bruce Dowbiggin2 days agoIs Roundball A Square Game? Sports Betting Takes Another Hit
-
Alberta1 day agoPremier Smith sending teachers back to school and setting up classroom complexity task force




