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
Barrel of the same volume as five US bushels. However, by 1866, the oil barrel was standardized at 42 US gallons. Oil has not been shipped in barrels since the introduction of oil tankers, but the 42 US gallon size is still used as a unit for measurement, pricing, and in tax and regulatory codes. Each barrel is refined into about of gasoline, the rest becoming other products such as jet fuel and heating oil, using fractional distillation. Barrels have a convex shape and bulge at their center, called bilge. This facilitates rolling a well-built wooden barrel on its side and