8 Best Oil And Gas Companies In Calgary

Calgary is the oil and gas capital of Canada. So it should come as no surprise that there are a lot of great oil and gas companies headquartered in the city. Calgary is known as a center for the exploration, production, and distribution of oil and natural gas in Canada.

What Does An Oil And Gas Company Do?

An oil and gas company is in the business of exploration, production and distribution of natural gas and crude oil. They are responsible for finding new sources of energy, developing these resources and then delivering the finished product to consumers.

Exploration - Find new reserves of energy including seismic surveys and drilling exploratory wells. Once a potential energy source has been found the company must then obtain the necessary permits and leases to develop it.

Production - Extract natural gas and crude oil from the ground including traditional drilling methods as well as newer technologies like hydraulic fracturing (fracking). Once these resources have been extracted they are transported to processing facilities where they are cleaned and refined into usable products.

Delivery - Delivered to consumers through a network of pipelines, tanker trucks and other transportation methods. Companies also sell their products directly to customers through retail outlets such as gasoline stations.

An oil and gas company is primarily engaged in the exploration, production and distribution of oil and natural gas. Drilling for oil and natural gas, operating and maintaining production facilities, transporting and selling the products. Noman Saleem (President of Tech To U providing IT Services for the Oil & Gas Industry in Calgary, since 1997) says oil and gas companies are major players in energy sector, the energy transition is taking place, lots of companies are investing in low-carbon technologies such as renewable energy and electric vehicles. The industry is responsible for approximately 60% of the world's energy consumption. In 2019, the global oil production was approximately 100 million barrels per day and natural gas production was about 170 billion cubic meters per day (source: iea.org).

List of top 8 Oil and Gas Companies in Calgary

Below we’ll list the top oil and gas companies:

1. Enbridge

Enbridge is one of the best oil and gas companies in Calgary and for good reason. Enbridge has been in business for over 60 years and they have a proven track record of success. They are a publicly traded company and they have a strong financial backing. Enbridge is also one of the largest energy transportation companies in North America.

Enbridge is committed to safety and they have an excellent safety record. They are also committed to being environmentally responsible and they have taken many steps to reduce their impact on the environment.

Subsidiaries: Union Gas, Enbridge Gas Inc.
CEO: Al Monaco, Patrick D. Daniel
Location/ Headquarters: Calgary, Canada
Total assets: 16,326.9 crores CAD (2019)
Founder: Imperial Oil
Net income: 582.7 crores CAD (2019)
Founded: 30 April 1949

2. Canadian Natural Resources

Canadian Natural is one of the world's biggest independent producers of crude oil and natural gas. They are a leading producer of crude oil, natural gas and bitumen. 

Canadian Natural Resources has a strong commitment to safety and environmental protection. They have a comprehensive health, safety and environment program that includes regular training for employees. They also have a robust emergency response plan in place.

Subsidiaries: Horizon Oil Sands, Shell Albian Sands Inc., MORE
Revenue: 1,749.1 crores USD (2020)
Location/ Headquarters: Calgary, Canada
President: Tim S. McKay
Founded: 7 November 1973, Calgary, Canada
Number of employees: 9,709 (2021)
Total assets: 7,527.6 crores USD (2020)

3. Husky Energy

Husky Energy is one of the largest integrated oil and gas companies in Canada, with operations in both upstream and downstream sectors. The company is headquartered in Calgary, Alberta and its shares are traded on the Toronto Stock Exchange. Husky Energy has a strong presence in the Oil Sands region of Alberta and also has significant operations in offshore Newfoundland & Labrador.

In terms of upstream operations, This company is focused on exploration and production activities in Western Canada, the United States Gulf Coast, East Coast Canada, Asia Pacific and Atlantic Canada. The company also has interests in several oil sands projects in Alberta including the Sunrise Oil Sands Project (which it operates) and the Sunrise Extension Oil Sands Project.

Husky Energy's downstream operations include refining, marketing, transportation of crude oil and natural gas products. The company owns and operates three refineries in Canada - two in Alberta (Edmonton Refinery and Lloydminster Refinery) and one in Ontario (Sarnia Refinery). Husky Energy also owns a network of more than 1,900 retail fuel outlets across Canada under the Husky brand name.

Parent company: Cenovus Energy
Location/ Headquarters: Calgary, Canada
Subsidiaries: Lima Refining Company, Mohawk Oil, MORE
Number of employees: 4,800
Founded: 1938, Cody, Wyoming, United States
Total assets: 3,312.2 crores CAD (2019)
Key people: Li Ka-shing; (Chairman); Rob Peabody; (President & CEO)

4. Suncor

Suncor Energy is other big energy companies in Canada with a market capitalization of over $50 billion. Suncor produces oil and gas operates refineries and markets petroleum products. The company was founded in 1919 and is headquartered in Calgary, Alberta.

This company is a publicly traded company listed on the Toronto Stock Exchange (TSX: SU). The company's shares are also traded on the New York Stock Exchange (NYSE: SU). Suncor's oil and gas production assets are concentrated in the oil sands region of northern Alberta. The company's operations include natural gas production, conventional oil production, offshore oil production and refining.

It has downstream assets that include five Canadian refineries, retail gasoline stations across Canada and a 50% interest in Syncrude Canada Ltd. It is also one of the world's largest producers of synthetic crude oil from the oil sands.

Subsidiaries: Petro-Canada, Canadian Oil Sands, MORE
CEO: Kris Smith (8 Jul 2022–)
Location/ Headquarters: Calgary, Canada
Number of employees: 16,922 (2021)
Founded: 1919, Montreal, Canada
Total assets: 8,373.9 crores CAD (2021)
Predecessor: Sun Oil Company, Great Canadian Oil Sands

5. Imperial Oil

Imperial Oil is one of the largest and most well-known oil and gas companies in Canada and they have a strong presence in Calgary. They are a fully integrated oil and gas company as they are involved in every aspect of the industry from exploration and production to refining and marketing.

They have started business back in 1892 since then they have become one of the city's biggest employers and have made significant contributions to the local economy. They are also active in the community and supporting various charitable causes.

Parent company: ExxonMobil
CEO: Brad Corson, Richard Michael Kruger
Subsidiaries: Imperial Oil Resources Ltd, North West Co. Ltd, MORE
Headquarters: Calgary, Canada
Number of employees: 5,263 (2012)
Founded: 1880, London, Canada

6. Computer Modelling Group

Software company that produces reservoir simulation software for the oil and gas industry. The Computer Modelling Group (CMG) is a world renowned provider of reservoir simulation software and services and its headquartered is in Calgary, Alberta and Canada. CMG has been a trusted partner to the oil and gas industry for over 30 years.

As one of the leading oil and gas companies in Calgary it works with some of the largest oil and gas producers in the world to help them optimize their reservoirs and increase production. Its work with major oil companies CMG also provides software and services to independent operators, service companies and government organizations. CMG’s products are used by engineers in more than 100 countries around the world. 

Headquarters: Calgary, Canada
Founded: 1978
Subsidiary: Computer Modelling Group, Inc.
Number of locations: 7
Number of employees: 201-500

7. Baytex Energy

They are a publicly traded company with a market capitalization of over $5 billion, it produces crude oil, natural gas and natural gas liquids. They have operations in Canada, United States and Brazil.

Baytex was founded in 1979 and is headquartered in Calgary, Alberta their mission is to provide their shareholders with superior returns by safely and responsibly developing, producing and selling crude oil and natural gas.

The company has a strong commitment to safety, environmental stewardship and social responsibility. They are dedicated to being a good corporate citizen in the communities where they operate. Baytex employs about 1,500 people worldwide. In 2018, they had average production of approximately 174,000 barrels of oil equivalent per day.

8. Parkland Fuel

Parkland Fuel Oil and Gas Company is one of the best oil and gas companies in Calgary. They are a locally owned and operated business that has been providing quality fuel products and services to the people of Calgary for over 50 years. It is committed to providing their customers with the best possible service and products at the most competitive prices. They offer a wide range of fuel products and services, including:

Residential & Commercial Heating Oil Propane Natural Gas Diesel Kerosene Aviation Fuels Lubricants Greases Industrial Fuels Home Heating Service Plans  Automatic Delivery Service  Equipment Sales, Installation & Service  24/7 Emergency Service.

• Residential & Commercial Heating Oil
• Propane
• Natural Gas
• Diesel
• Kerosene
• Aviation Fuels
• Lubricants
• Greases