Search results
Results from the WOW.Com Content Network
Leduc No. 2 was spudded on February 12, 1947. By May it had reached the same depth as No. 1 but little oil was found. The company worried that Leduc was only a minor oil field, but decided to continue to drill deeper. At a depth of 1,640 metres (5,380 ft), the well broke through into a reservoir even larger than the one at Leduc No. 1. [30]
The Leduc Formation is a major source of oil and natural gas in central Alberta. The Leduc No. 1 well drilled in 1947 produced 50 thousand cubic metres (more than 300 thousand barrels) of oil, [5] marking the beginning of the post-war Albertan oil boom, and contributed to a large population boom in the cities of Calgary and Edmonton.
The discovery of the Leduc oil field in 1947 with Leduc No. 1, striking oil, ushered in a twenty-year period of intense exploration, new discoveries, and rapid expansion of Alberta's oil industry. The discovery of Leduc No. 1 led to a rapid population boom in Alberta.
Leduc was incorporated as a village in 1899, and became a town in 1906. It became a city in 1983; by that time its population had reached 12,000. The town continued to grow quietly over the decades and Alberta's historical oil strike on February 13, 1947, occurred near the town at the Leduc No. 1 oil well. [7]
Leduc #1 well; released under GNU Free Documentation License. During the 1930s and early 1940s, oil companies tried unsuccessfully to find replacement for declining Turner Valley reserves. According to legend, Imperial Oil had drilled 133 dry wells in Alberta and Saskatchewan, although the records show that many of those wells were natural gas ...
[citation needed] The oil industry remains a major player in the town's business sector, though the economy has diversified to include tourism, manufacturing, and research. Devon is named after the Devonian formation (the strata tapped in the Leduc No. 1 oil well), which in turn is named for the county of Devon in England.
If You Could Buy Only 1 Oil Stock in 2025, These Are Some Top Stocks to Consider Matt DiLallo, Neha Chamaria, and Reuben Gregg Brewer, The Motley Fool January 26, 2025 at 3:08 AM
The situation changed dramatically in 1947, when Imperial Oil drilled a well near Leduc, Alberta, to see what was causing peculiar anomalies on its newly introduced reflection seismology surveys. The peculiar anomalies turned out to be oil fields, and Leduc No. 1 was the discovery well for the first of many large oil fields. As a consequence of ...