Canadian Oil & Gas History

1940 Highlights

January 13 Turner Valley production quota increased from 12,500 to 18,000 barrels per day
March 2 Saskatchewan allows Northern Natural to hold a plebiscite on a gas franchise, which could lead to a $5 million distribution system; gas cannot be imported from Alberta with the consent of Saskatchewan authorities
March 16 Princess No. 1 blasts out 63.5 million cubic feet of gas per day - the largest gas flow ever recorded in Canada
March 23 Princess No.1 brought under control March 20 after blowing wild since Feb. 5
April 13 Northern Natural proposes 162-mile pipeline between Lloydminster and Saskatoon
May 25 World War 1 veterans volunteer to defend Turner Valley
June 8 Companies assessed 10 cent per barrel tax to help buy ambulances for overseas
June 29 George Cottrelle appointed Dominion Oil Controller
August 3 Cottrelle gives his first speech, allowing imports from the U.S. and pledging incentives to stimulate exploration and development
August 24 Dominion government grants Oil Controller sweeping powers; $8 million ammonia plant proposed outside Calgary
September 14 Oilmen get remaining three cent per barrel increase demanded in July
November 30 Conservation Board reduces Turner Valley quota below field potential and reverts to prorationing