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January 24
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Saskatchewan's first medium-light gravity oil discovery at Fosterton is placed on production at 298 barrels per day
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January 31
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Texaco Exploration/McColl Frontenac's Bonnie Glen discovery well flows oil at 240 barrels per day
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February 7
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Richfield Oil Corporation makes its initial entry into Western Canada with plans for exploration throughout the western provinces
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March 15
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Ten Canadian independents acquire lands in the McMurray tar sands area and plan a core drilling program on 250,000 acres in spring
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March 21
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Saskatchewan Power Corporation arranges to enter into take or pay contracts with producers in the Brock-Coleville-Dodslan-Elrose area one year after the prove 200 billion cubic feet of gas reserves
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Mach 22
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Sun Oil Co. acquires 100,000 acres in Athabasca tar sands area and expects to begin core drilling
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March 24
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A subsidiary of Canada Southern Oils Limited records the first Saskatchewan discovery of light, 33 degree API code
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April 3
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Alberta Petroleum and Natural Gas Conservation Board recommends gas exports from Peace River area, but says Pincher Creek gas will be needed to meet needs of Calgary and surrounding area
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April 7
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Canadian Gulf Oil Company responds to the board's recommendations by warning its $365-million Pincher Creek development program may be slowed or stopped if gas can't be exported
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April 10
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Alberta approves export of surplus Peace River gas from the Peace River area by Westcoast Transmission
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May 23
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Alberta Crown reserve sale on May 22 nets a record of over $12.88 million; Texaco Exploration Company pays $3.11 million for a quarter section in Bonnie Glen
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July 19
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Second annual oilmen's golf tourney offers prizes worth $10,000 and "a suitably engraved Zippo lighter for each contestant"
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September 12
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Souris Valley Oil Co. begins producing Manitoba's first Virden well at 50 barrels per day
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September 24
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Alberta oil is expected to reach West Coast markets for the first time in October as Imperial Oil ships Leduc crude to its refinery by rail.
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September 26
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Premiers of Alberta and Ontario meet to discuss gas exports and a cross-Canada pipeline to bring Alberta gas to eastern markets
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October 11
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Federal transport board grants permission to Westcoast Transmisson to build a gas pipeline from Peace River to Vancouver
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October 11
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Bonnie Glen and Pigeon Lake linked as one field, making the discoveries Alberta's first major oil strike of 1952
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December 10
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Canadian Petroleum Association created as Western Canada Petroleum Association changes its name
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