Imperial Oil Oil discovered the Leduc Woodbend Devonian oil reef in 1947, marking the beginning of the contemporary period in Canadian oil and gas development. Drilling began on the landmark discovery well Leduc No. 1 on November 20, 1946. In 1989, Imperial Oil acquired Texaco's Canadian operations. From the 1934-35 season through the 1975-76 season, Imperial Oil was a sponsor of the Canadian Broadcasting Corp. program "Hockey Night in Canada" for both radio and television broadcasts. In February 2013, Richard Kruger, President of ExxonMobil Production Co. and a Vice President of Exxon Mobil Corp., was appointed to be Chief Executive of Imperial
History of the oil shale industry in the United States of oil per short ton of shale. Estimated in-place resources are capable of generating 4.2 trillion barrels of oil. Although the Piceance basin of western Colorado has the smallest lateral extent of Green River shale, it contains the greatest amount of high-grade shale. Using a cut-off of 25 gallons per ton, the Piceance has about 352 billion barrels of in-place resource. The Elko Formation of northeastern Nevada is an oil shale, late Eocene to early Oligocene in age. Like the Green River Formation, it contains beds deposited in a lake. Faulting and subsequent erosion have removed most of the original