Petroleum production is a major industry in
Canada. In
2005, almost 25,000 new
oil wells were spud (drilled) in Canada. Daily, over 100 new wells are spud in the province of
Alberta alone . The petroleum industry in Canada is also referred to as the Canadian Oil Patch'; the term refers especially to
upstream operations (exploration and production of oil and gas), and to a lesser degree to
downstream operations (distribution and selling of oil and gas products).
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the local oil industry, the oil business Calgary's oilpatch does not control the price of oil and gas.
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