Manitoba Energy and Mines annual report 1998-1999

This annual report states the objectives and achievements of each of the Department of Energy and Mines branches in the same sequence as in the Dept.'s appropriation structure in the Main Estimates of the Expenditure for the Province. Details of the Dept.'s financial performance, together with a 5 year historical table of departmental spending and staffing levels, are provided in the Financial Information Section. Manitoba's oil and gas sector, though small by regional or international standards, is a significant part of the provincial economy. In 1998, Manitoba produced 634,071 cubic m of oil having a total value of about 27% of the province's refined petroleum products needs. In 1998, the petroleum industry spend more than $61 million in Manitoba to explore and develop new oil pools, and to operate the approximately 1,900 active wells in the province. The petroleum industry employs directly and indirectly over 600 people. In 1998/99, royalties, production taxes and revenue from the leasing of Crown owned oil and gas rights added $34 million to the Provincial treasury. The Petroleum and Energy Branch administers the Oil and Gas Act regulations governing the exploration, development, production, transportation and storage of crude oil and natural gas. The Dept. in conjunction with the Manitoba Oil Museum hosted the 1998 Manitoba Oil Show. Manitobans spend about $2.8 billion annually to heat and light their homes, power business, industry and agriculture and fuel their transportation needs. The installed provincial electrical generating capacity is 5,137 megawatts, and the Branch administers the Energy Act. refs