Institute History
• 30 year-old think tank• Part of the SMU Cox School of Business, one
of the top U.S. Business schools• 30 member Board of Directors• 3 full-time staff
– Bruce Bullock, Director– Dr. Bud Weinstein, Associate Director– Marsha Faram, Program Manager
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Areas of Focus
StudentAcademic & Enrichment
Programs• Energy Clubs
• Campus Events• MBA Energy Finance
• BBA Energy Concentration
PolicymakersInfluencers
Policy and Research• Studies• Articles
• Partnerships
Public• Pitts Lecture Series
• Pitts Energy Leadership Award• Other Events
Funded Research Includes
• American Wind Energy Association• American Petroleum Institute• Consumer Energy Alliance• Shallow Water Drillers Association• Broome County, New York• Portland Cement Association• Gulf Economic Survival Team
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Alberta covers 661,190 km2 ,an area slightly less than Texas
Ottawa 2,847km
Vancouver 817 km
New York City
3,270 km
Mexico City 3,973 km
Anchorage 2,277 km
AlbertaAlberta
Houston3,018 km
Alberta’s Location
London6,793 km
Saudi Arabia
Venezuela
Alberta/Canada
Iran
Iraq
Kuwait
Abu Dhabi
Russia
Libya
Nigeria
Kazakhstan
Qatar
China
USA
Brazil
Mexico
260
211
175
137
115
101.5
92
60
46
37
30
25
20
19
13
10
World oil reserves (billions of barrels - established)
SOURCE: Oil & Gas Journal, January 2011
Only 21% of the world’s proven oil reserves are accessible to
private sector investment (not state controlled). 53% of the
world’s open and accessible reserve are in Alberta’s oil
sands.
Alberta (171)
Economic HighlightsExports
Total: US$75.6 Billion
Crude Oil; $37.7
Natural Gas and Gas Liquids; $13.6
Other Energy; $2.6
Petrochemicals, $6 Agriculture; $6.5
Forestry; $2.2
Manufacturing; $4.1
Metals and Metal Manufacturing; $1.8
Other; $1.6
Alberta's Global Exports in 2010 (US$ Billions)
Key Export Markets
United States87%
China27%
Japan14%
Other Asia20%
European Union
11%Mexico
7%Other
7%Other incl. Other Europe, Middle East,
Africa15%
Distribution of Alberta's Export Destination by Region in 2010
Asia Pacific61%
Latin America14%
What are the oil sands?• Naturally occurring
mixture of sand, clay, water and bitumen –a very heavy oil
• Bitumen is separated from the sand and upgraded to refinery-ready crude oil
Oil sands: In situ and Mining
Mining
• 80% of resource• 45% of production
• 20% of resource• 55% of production
Steam Assisted Gravity Drainage
Cyclic Steam Process
In situ
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