Boasting 178 billion barrels of proven oil reserves and close to 58 Tcf of proven natural gas reserves as of 2009, Canada is the world's largest reserve holder after Saudi Arabia and the top supplier of U.S. energy imports. Canada is also home to the world's most expansive oil sands deposits, the development of which extracts and processes a heavy, tar-like crude bitumen that comprises the bulk of the country's reserves. Canada's oil and natural gas sector is privatized, with industry regulation occurring at the provincial level.
Fracturing is an alternate well stimulation method in which rock is fractured by hydraulically pressurized liquid. The liquid is injected into the fractures in rocks below the earth’s surface, causing it to widen and split at high pressure.