County Line Energy Corp. (CYLC)

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Check this article about ALBERTA's oil Industry

Alberta's oil industry remains a key component of the provincial economy, accounting for thousands of jobs in exploration, production, transportation, refining, distribution and marketing. In the 2005/2006 fiscal year, conventional crude oil production was the third-largest source of non-renewable resource revenue for Albertans. Overall, it accounted for more than $3.7 billion in royalty payments to the provincial government in the past three fiscal years alone (2003/2004 to 2005/2006).

In 2005, conventional crude oil production made about 34 per cent of Alberta's total crude oil and equivalent production, which is about 23 per cent of Canada's total crude oil and equivalent production. This amounts to about 5 per cent of total North American crude oil and equivalent production.

The conventional oil sector has been a perennial driver of the Alberta economy for more than 50 years, and the Oil Development Business Unit has its sights set on ensuring that this valuable resource sees another 50 years of contribution to our province. The Conventional Oil Business Unit promotes and encourages exploration and development of reserves, calculates and collects royalties from producers and markets Crown's share of crude oil production through private sector marketing agents.

Development of Alberta's conventional oil industry has created an extensive infrastructure that facilitates the continued drive to locate, drill for and transport the oil to market. This infrastructure continues to grow: from 2000 to 2005, industry invested almost $100 billion in the province's conventional oil and gas industry.

http://www.energy.gov.ab.ca/OurBusiness/Oil.asp