actualforecast Hydro, wind, and other renewables NGLs Coalbed methane Conventional natural gas Mined and in situ bitumen Conventional heavy oil Conventional L&M oil Coal Total energy production in Alberta

Alberta supply of crude oil and equivalent actualforecast Non upgraded bitumen Light-medium SCO Pentanes plus Heavy

actualforecast Tcf Total marketable gas production and demand 24%25%27%35%42%

Figure 1.2 OPEC crude basket reference price

Figure 1.3 Price of WTI at Chicago actualforecast

Figure 1.4 Average price of oil at Alberta wellhead actualforecast

Figure Average monthly reference prices of Alberta crudes

Figure 1.7 Average price of natural gas at plant gate actualforecast

Drilling, casing, and completion cost estimates (PSAC 2004 and 2006 Well Cost Studies)

Figure 1.9 Canadian economic indicators

Figure 1.10 Alberta real investment actualforecast

Figure 2.2. Comparison of Alberta’s crude oil and crude bitumen reserves

Figure 2.8. Alberta crude oil and equivalent production

Figure 2.9. Alberta crude bitumen production Surface mining In situ actualforecast

Figure Total in situ bitumen production and producing bitumen wells Production (10 3 m 3 /d)

Figure Alberta synthetic crude oil production Synthetic Crude Oil Synthetic crude oil actualforecast

Figure Alberta demand and disposition of crude bitumen and SCO Synthetic Crude Oil Alberta demand (mainly SCO) actualforecast SCO removals from Alberta Nonupgraded bitumen removals from Alberta

Figure 3.1. Remaining established reserves of crude oil Heavy Light-medium

Figure 3.3. Annual changes to waterflood reserves

Figure 3.2. Annual changes in conventional crude oil reserves

Figure 3.4. Distribution of oil reserves by size Remaining reserves (10 3 m 3 ) Total number of pools (10 3 m 3 ) Initial reserves (10 3 m 3 )

Figure 3.5. Oil pool size by discovery year

Figure 3.7. Geological distribution of reserves of conventional crude oil

Figure 3.9. Alberta’s remaining established oil Reserves versus cumulative production

Figure Growth in initial established reserves of crude oil Ultimate potential (3130) actualforecast Actual as of December 31, 2005

Figure Conventional crude oil production by modified PSAC area PSAC 8 PSAC 7 PSAC 5 PSAC 3 PSAC 4 PSAC 2 PSAC 1

Figure Total crude oil production and producing oil wells

Figure Crude oil well productivity in 2005

Figure Total conventional crude oil production by drilled year % of total production from oil wells Pre % 3% 4% 44% 6% 3% 10% 5% 7% 8%

Figure Comparison of crude oil production Texas onshore Louisiana onshore Alberta crude oil

Figure Alberta crude oil price and well activity actualforecast

actualforecast Figure Alberta daily production of crude oil Heavy Light-medium

Figure Capacity and location of Alberta refineries

actualforecast Figure Alberta demand and disposition of crude oil Crude oil removals from Alberta Alberta demand

Figure Alberta supply of crude oil and equivalent actualforecast Non upgraded bitumen Light-medium SCO Pentanes plus Heavy

Figure Alberta crude oil and equivalent production actualforecast

Figure 4.3 Coalbed methane production forecast

Figure 5.1. Annual reserves additions and production of conventional marketable gas

Figure 5.2. Remaining conventional marketable gas reserves

Figure 5.3. New, development, and revisions to conventional marketable gas reserves

Figure 5.5. Distribution of conventional gas reserves by size Remaining reserves (10 9 m 3 ) Total number of pools (10 6 m 3 ) Initial reserves (10 9 m 3 )

Figure 5.6. Conventional gas pools by size and discovery year

Figure 5.7. Geological distribution of conventional marketable gas reserves

Figure 5.8. Remaining conventional marketable reserves of sweet and sour gas Sweet natural gas Sour natural gas

Figure 5.9. Expected recovery of conventional natural gas components

Figure Growth in initial established reserves of conventional marketable gas Ultimate potential (6.52) actualforecast Actual as of December 31, 2005

Ultimate potential based on 2004 study Figure Conventional gas ultimate potential Remaining reserves Production

Figure Conventional gas in place by geological period

Figure Successful conventional gas wells drilled and connected

Figure Marketable gas production by modified PSAC area PSAC 6 PSAC 4 PSAC 5 PSAC 2 PSAC 3 PSAC 1 Gas from oil wells PSAC 7 PSAC 8 % of total production from oil wells Connection year 2% 4% 3% 12% 5% 20% 38% 5% 10%

Figure Conventional marketable gas production and number of producing wells

Figure Natural gas well productivity in 2005

Pre Gas from oil wells Figure 5.21 Raw gas production by connection year % of total production from oil wells 3 Connection year

Figure 5.22 Average initial natural gas well productivity in Alberta

Figure Alberta natural gas well activity and price actualforecast

Figure Conventional marketable gas production actualforecast Tcf

Figure Historical volumes “available for permitting”

Figure Comparison of natural gas production Texas onshore Louisiana onshore Alberta

Figure Gas production from bitumen upgrading and bitumen wells actualforecast

Figure Total gas production in Alberta actualforecast

Figure Alberta natural gas storage injection/withdrawal volumes

Figure Alberta marketable gas demand by sector Reprocessing plant shrinkage Transportation Electricity generation Other industrial Industrial - petrochemical Industrial – oil sands Residential Commercial actualforecast

Figure Gas demand for bitumen recovery and upgrading actualforecast Purchased gas Produced gas from bitumen Process gas from upgrading* * Some m 3 of process gas not shown on this chart is used for electricity generation ( ).

actualforecast Tcf Figure Total marketable gas production and demand 24%25%27%35%42%

Figure 6.1. Remaining established NGL reserves expected to be extracted from conventional gas and annual production

Figure 6.2. Remaining established reserves of conventional natural gas liquids

Figure 6.4. Ethane supply and demand actualforecast * Excludes solvent flood volumes

Figure 6.5. Propane supply from natural gas and demand actualforecast * Excludes solvent flood volumes

Figure 6.6. Butanes supply from natural gas and demand actualforecast * Excludes solvent flood volumes

Figure 6.7. Pentanes plus supply from natural gas and demand actualforecast * Excludes solvent flood volumes

Figure 7.1. Sources of sulphur production Sour gas Refining and upgrading

Figure 7.2. Sulphur production from oil sands

Figure 7.3. Canadian sulphur offshore exports

Figure 7.4. Sulphur demand and supply in Alberta Alberta demand Removed from Alberta Stockpile actualforecast

Figure 8.1 Total coal production

Figure 8.3. Alberta marketable coal production actualforecast