Oldal 4 [4]
OCR
aA 2 management of high capacity, hold about 3.7 million carefully selected acres(after deducting 50 2 for reservation holdings). As far as exploration is concerned,there have benn little results today, but production was developped in three areas. Federated Petrol ámited.has an ageressive management large capital for exploration and development. It holds 650.000 acres. Recently,Federated has discovered a large gas well in Central Alberta,producing hundred and fifty million cubic feet of gas, Home O41 Company. Largest producer in the rich Turner Valley. (South of Calgary). This and other Home 011 areas produced 1.5 million barrels. 25 % of its stock is owned by Federated. Anglo-Canadian 011 Cos ist active together with Home O11 and Calgary & Edmonton in the area of Armena (close to the large fields of Leduc and Woodbend, South of Zdmonton),which seems most promising. The company produce& 636,000 barrels. Calgary and Edmonton Corp.has an extensive acreage (1.2 millions in Alberta) covering half of the newly disetch 9 Pincher Creek Field (North of the Montansa-Alberta porder)'. Great Pldms Development Co.has a high grade management and reserves of about 8 million barrels. Its policy is to develop farm-outs from others. H O41 and Refining Limited. has an important stake in the developments of LLoydminster (on the Saskatchewen-Alberta border on the Canadian National Railrasd Line). The company has a contract with Canadian National Rafilreads to furnish 2 million barrels of fuel oil for 5 years. It holde 3 million acres together with Phillips Petroleum and the Empire Trust Group. Royakife Redlite O41 Co.has a large production in Turner Valley and in Redwater (North of Edmonton) - 1.5 million parrels in 1951. At the end of 1951,the co: was engaged in an exphoration program embrecing nearly 2 million BCrese Western Leaseholds Ltd.produced in 1951 1.5 million barrels,with 26 million barrel reserve. Chief merit is holding of 1.6 million well-scattered acres of leaseholds. Dome Exploration Ltd.has an experienced and aggressive management,fair amount of reserves,but limited acreage. It is not in the scope of this report to give an explanation on the U.5.011 companies with substantial in- . Ét
