1960s Business Booms

Business boomed for Husky in the 1960s.

The ‘Lloydminster Project’ was introduced in 1963 and heralded a new age for Husky. The Company announced and invested more than $10 million in the Lloydminster Project, part of a comprehensive $35 million venture designed to expand Husky’s reserves of asphaltic crude, raise the refinery’s production to 12,000 barrels daily, reduce production costs and make the overall operation more financially viable. Key to the project was the patented reversible, or “yo-yo,” pipeline, which was the first reversible pipeline ever used and the first pipeline of any kind in the immediate vicinity of Lloydminster.

With the purchase of the refining and marketing assets of The Frontier Refining Company, Husky doubled its number of service stations to 1,631 and the new refining capacity added more than $1 million to Husky’s earnings.

• Lloydminster Refinery
• Lloydminster Refinery
• Lloydminster Refinery
• Husky Tower

1960

• Acquired outstanding shares of the U.S. Company.

1963

• Announced and invested more than $10 million in the Lloydminster Project.

1964

• Acquired Sarcee Petroleum, increasing Lloydminster area oil and gas reserves to 160 million barrels.

1967

• Glenn Neilson was appointed the Chief Executive Officer and Glenn Roark was appointed President.
• Began construction on the 191-metre Husky Tower in Calgary in honour of Canada’s Centennial. The tower was later sold and renamed the Calgary Tower.

1968

• Purchased refining and marketing assets of The Frontier Refining Company.