|
January 22
|
Turner Valley drilling program expected to be the largest in Alberta history
|
|
February 26
|
Alberta and Ottawa agree to transfer authority over natural resources to the province to enable it to introduce conservation measures
|
|
April 2
|
New Alberta regulations require 11-day production potential tests to determine allowable
|
|
April 23
|
Royalite pipeline from turner valley to Calgary is expected to be complete by May, increasing capacity form 130,000 to 24000 barrels per day
|
|
June 11
|
Oil Bulletin calls frontier Royalties well "a corker"; a month later, it sets a record as the most prolific oil well in the Empire after a 24-hour test flows 7,617 barrels per day
|
|
June 11
|
Standard Oil of California opens a permanent office in Calgary
|
|
July 1
|
Alberta's new conservation Board officially opens its doors
|
|
July 16
|
McColl Frontenac, Canada's third largest major controlled by Texas Co. of Canada (Texaco), enters the Alberta oil scene with an exploration and refinery program
|
|
July 23
|
Bearberry structure tested amid speculation it may be a major oil field
|
|
July 30
|
Conservation Board calls on refiners to provide forecasts on expected takes for use in setting Turner Valley quotas
|
|
August 13
|
Conservation Board increases well spacing from 20 to 40 acres to prevent overcrowding at Turner Valley
|
|
August 20
|
Oil Bulletin exclusive provides details of a new portioning and gas conservation plan, the plan calls for all oil and gas wells to be prorated and gas wastage at Turner Valley stopped
|
|
October 8
|
The British government considers participating in Alberta oil development
|
|
October 15
|
Conservation board order forbidding gas wastage of 200 million cubic feet per day takes effect; Royalite disputes reports that industry is largely ignoring the order
|
|
October 22
|
"Alberta producers press for eastern markets for Turner Valley crude and send representatives to Britain on request of the British Admiralty
|
|
November 5
|
First anniversary edition of the Oil Bulletin
|
|
November 19
|
new Conservation Board Act gives board broad powers over industry
|
|
December 24
|
Okalta No.6. the deepest well in the British Empire on the far west flank of Turner Valley, indicates commercial production
|
|
December 31
|
Alberta doubles oil production in 1938
|
