This economic profile examines the Ontario oil, gas, and salt resources industry a sector of the economy that dates back to before confederation and plays an important role in the southwestern region of the province.
North America’s commercial oil well was drilled in Oil Springs, Ontario. With long life reserves, production of oil has gone on uninterrupted since 1858 and natural gas since the early 1900’s. With demand in Ontario for oil and gas expected to grow over the next two decades, there is clearly a role for in-province production given the reserves and our historical tie to the sector.
Read the Economic Profile – Ontario Oil, Gas and Salt Resources Industry.