1947: Oil Strike!

Dry holes, otherwise known as Dusters, were plaguing the petroleum industry in the 1940s. The exploration for oil and natural gas had been going on for over 30 years without stumbling upon a vast source of energy. Around this time, Imperial Oil decided to proceed with its exploration program in an effort to find oil that might be trapped in the Western Canadian Basin. In 1946, Imperial Oil initiated a reconnaissance seismic survey in the Edmonton area.