Annual Oil and Gas Extraction Survey (OGEX)

Oil and gas capital expenditures of economy, value

Oil and gas capital expenditures refers to capital expenditures related to oil and gas extraction activities. Capital expenditures include expenditures on machinery, buildings and other goods that have useful lives of more than one year as well as major repairs to these goods.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Canadian dollar at current prices