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January 4
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Alberta Conservation Board enlarges unit spacing from 40 to 80 acres
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January 25
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Princess officially classed as an oilfield
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February 8
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Imperial subsidiary completes a plan for exploration and development on a 1,600-mile block near Weyburn in the largest Saskatchewan program to date
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March 8
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Alberta withdraws 15 leases from exploration to encourage activity near existing fields and transportation facilities
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March 15
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Alberta announces new regulations for reserves, drilling and production (not including royalty rates) and measures to encourage unitization
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April 5
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Alberta passes amendment putting gathering and distribution lines under utilities board jurisdiction
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May 10
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Ontario Securities Commission makes new ruling on royalty financing to encourage investment in the oil industry, the ruling is expected to open Alberta's oilpatch to eastern Canadian capital
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May 23
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Alberta adopts a new royalty system increasing the provincial share
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June 7
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Shell of California opens office in Calgary
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July 11
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Producers refuse to pay new Alberta royalty increases and question the power of the province to increa gross royalty rates
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July 18
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Dominion Oil Controller pushes for voluntary consumption restraints
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July 28
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Refiners agree to take deliveries year-round
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August 29
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Oil controller imposes 25% reduction in gasoline deliveries
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September 12
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CPR announces plans to rebate 50% of its royalty to stimulate heavy oil development on the Plains; the rebates will extend to either the end of the war or September 1944
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September 12
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Northern extension to Turner Valley becomes industry's number on hope of new, large production increases in coming months
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October 17
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Outlook brightens for Turner Valley as industry recovers from the May drilling slump and announces a flurry of new wells over the next few months
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October 31
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Industry undertakes a large-scale development program in the northern Turner Valley extension
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