[en] This paper presented a review of Canadian oil industry expenditures plus oil and gas revenues for Alberta, Saskatchewan, British Columbia and Manitoba since 1991. In the year 2000, the oil and gas industry boosted expenditures by 33 per cent and drilled a record number of wells in an effort to cash in on record natural gas prices and near-record crude oil prices which were a result of soaring demand and low supply. Total expenditures by Canadian oil and gas companies reached $33.98 billion in 2000 from $25.5 billion in 1999. A total of 16,507 wells were completed. Canada-wide development drilling expenditures increased to $5.7 billion in 2000 from $4.2 billion in 1999. In addition, exploration dollars and land expenditures also rose, as did investments in production facilities and production costs. Most of the new spending was concentrated in Alberta where most of the development drilling took place. Exploration efforts were held back to boost deliverability from known reserves. As a result, exploration spending in Alberta rose only slightly to $2.6 billion from $2.3 billion in 1999. Total crude and equivalent production for the Canadian oil patch in year 2000 rose only about 5 per cent, with most of the increase being associated with higher output from offshore development. Total sales of Canadian gas rose a modest 3 per cent, but measured by financial growth, these results are very positive. Most companies are reporting record revenues, cash flow and earnings for year 2000. 2 tabs., 1 fig