welcome
financialpost

financialpost

Business

Business & Economics

Alberta touts major revision to public oil and gas reserve estimates at Texas energy summit

financialpost
Summary
Nutrition label

72% Informative

Alberta ’s proven natural gas reserves have increased nearly sixfold to 130 trillion cubic feet since they were last assessed, according to a new study.

The study comes amid growing unease in the United States that the era of shale growth is ending, dampening the outlook for that country's oil and gas production.

Despite U.S. President Donald Trumps bombastic calls to “drill, baby, drill,” energy executives at the CERAWeek by S&P Global conference in Houston are signalling slower growth in 2025 .

New gas reserve estimate more than doubles Canada ’s overall total, pushing the country into the global top 10 .

“We’re Texas -sized as far as gas goes; we’ve got some big numbers,” Alberta Energy Minister Brian Jean said.

Preliminary new estimates also confirm that Alberta 's proven oil reserves have reached 167 billion barrels , up from the last official estimate of 159 billion .

VR Score

77

Informative language

77

Neutral language

43

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

11

https://x.com/mpotkinshttps://www.linkedin.com/sharing/share-offsite/?url= https%3A//financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimateshttps://www.reuters.com/business/energy/ceraweek-ai-lng-demand-keep-us-natgas-use-record-highs-bottlenecks-threaten-2025-03-12/https://pinterest.com/pin/create/button/?url=https://financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates&media=https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2025/03/no0314oil.jpghttps://www.reuters.com/business/energy/ceraweek-occidental-petroleum-sees-oil-us-oil-output-peaking-next-five-years-2025-03-11/https://www.linkedin.com/sharing/share-offsite/?url=https://financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimateshttps://www.tumblr.com/widgets/share/tool?canonicalUrl=https://financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates&title=Alberta%20touts%20major%20revision%20to%20public%20oil%20and%20gas%20reserve%20estimates%20at%20Texas%20energy%20summithttps://www.reddit.com/submit?kind=link&url=https%3A//financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates&title=https://www.reddit.com/submit?kind=link&url=https%3A//financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates&title=Alberta%20touts%20major%20revision%20to%20public%20oil%20and%20gas%20reserve%20estimates%20at%20Texas%20energy%20summithttps://twitter.com/intent/tweet?url=https%3A//financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates&text=Alberta%20touts%20major%20revision%20to%20public%20oil%20and%20gas%20reserve%20estimates%20at%20Texas%20energy%20summit&via=https://twitter.com/intent/tweet?url= https%3A//financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates&text=Alberta%20touts%20major%20revision%20to%20public%20oil%20and%20gas%20reserve%20estimates%20at%20Texas%20energy%20summit&via=