|
January 8
|
Dominion government forms a five-man Western committee to advise on the oil shortage
|
|
February 5
|
Dominion Oil Controller implements recommendations of Western Committee and eliminates import duties, war tax and sales tax on oil equipment to encourage Canadian oil development
|
|
February 26
|
Imperial group planning the first directional drilling test under the Mackenzie River at Fort Nelson
|
|
March 5
|
Dominion government grants industry "tax free return of capital," 40% write offs on exploration and dry hole costs and tax concessions in an attempt to speed up Canadian oil production
|
|
April 2
|
Dominion Oil Controller approves a price increase of 15 cents per barrel increase for Turner Valley oil
|
|
April 9
|
Ottawa creates Wartime Oils Ltd. To spur exploration and development in Turner Valley and aid the war effort
|
|
April 15
|
$500,000 in invested by the Dominion government into Abasands' oil sands pilot at Ft. McMurray
|
|
March 18
|
A pivotal oil sands test, Deca No.2 begins drilling at Athabaska
|
|
June 4
|
Imperial announces plans to spud a wildcat near Nordegg in the Alberta foothills
|
|
June 15
|
Industry hopes of finding commercial zones below the Devonian are dashed as a deep Turner Valley wildcat comes up dry
|
|
July 3
|
Cumulative Alberta oil production passed 60 million barrels in May
|
|
December 10
|
Taber-Province No. 17-18B swabs over 500 bbls per day, the best Plains well to date and the largest producer outside of Turner Valley
|
|
December 30
|
Industry reports higher oil revenues in 1943 despite the general production decline
|
|
December 31
|
A record 115 wells are completed by year-end 1943
|
