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Keyword: shaleoil

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  • Colorado's oil shale lures Shell

    05/13/2008 1:42:35 PM PDT · by Entrepreneur · 19 replies · 183+ views
    Houston Chronicle ^ | May 9, 2008 | STEVE LIPSHER
    In its quest to remove oil from western Colorado's shale, Royal Dutch Shell has been buying land and water rights in anticipation of what is likely to be a thirsty new industry. Some officials worry that the demands of the oil-shale industry could drain every drop of the region's remaining water. "On the upper end, we're looking at potentially several hundred thousand acre-feet of water — more than people think is commonly available to develop in the Colorado River," said Dan Birch, deputy general manager for the Colorado River Water Conservation District. Shell and other energy companies have amassed tens...
  • USGS Assesses Bakken Formation to Hold 3 to 4.3 Billion Barrels...25 Times More Than 1995 Estimate

    04/11/2008 7:15:35 AM PDT · by Red Badger · 82 replies · 721+ views
    www.greencarcongress.com ^ | 04/11/2008 | Staff
    Map showing Williston Basin Province boundary (in red), Bakken-Lodgepole Total Petroleum System (TPS) (in blue), and major structural features in Montana, North Dakota, and South Dakota North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation of the Williston Basin, according to a just-released assessment by the US Geological Survey (USGS). This latest assessment shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil. The assessment also identified 1.85...
  • 800 Billion Barrels of Shale Oil In Western U.S. (Triple Saudia Arabia's Reserves)

    03/02/2008 8:08:29 AM PST · by Entrepreneur · 84 replies · 756+ views
    Danvers Herald ^ | 2/27/2008 | J. David Cohen
    “Since the early 1980s, oil shale was not on the U.S. energy policy agenda, and very little attention was directed at technology or energy market developments that might change the commercial prospects for oil shale.” That is a near quote from the RAND corporation in a 2005 report entitled: “Infrastructure, Safety, and Environment.” An additional quote states: “The largest known oil shale deposits in the world are in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of oil resources now in place within the Green River Formation range from 1.5 to 1.8 trillion barrels. Not...
  • Bakken and Torquay Formations - A Saudi Arabia of oil

    01/27/2008 5:17:21 PM PST · by jmcenanly · 43 replies · 1,073+ views
    Next Big Future ^ | January 27,2008
    Bakken and Torquay Formations - A Saudi Arabia of oil under Saskatchewan, North Dakota, South Datkota, Montana and Manitoba The Bakken oil formation is possibly the largest conventional oil discovery in Canada since 1957. If this oil formation plays out toward the higher end of size and recoverability then it will change the geopolitics of oil and the economies of the United States and Canada. If a lot of the oil proves difficult to recover now, new technologies could still drastically improve the percent recoverable. The motivation to pull out another 100 billion barrels would be $9 trillion at todays...
  • Analysis: Oil from shale could meet need

    07/23/2007 2:25:59 PM PDT · by redwill · 57 replies · 1,499+ views
    UPI ^ | 7/20/07 | MEGAN HARRIS
    Technology to draw oil from rock in Rocky Mountain states and other unconventional sources is getting another look from companies and the government as the demand for energy increases and supply tightens, especially in the United States.
  • Oil Shale: Toward a Strategic Unconventional Fuels Supply Policy

    05/04/2007 8:46:08 PM PDT · by redwill · 31 replies · 1,593+ views
    Heritage Foundation ^ | 3/08/07 | Dr. Daniel Fine, Ph.D
    How large is this resource? In the Piceance Basin, an area of 1,100 square miles, the oil shale is over 1 million barrels per acre, or roughly 750 billion barrels of recoverable oil. If you extend outward to Wyoming and to Utah, it is 1.3 trillion. This is why you hear shale next to trillions, not billions or millions, of barrels. The Air Force in the 1970s looked at shale, tested it, and found that it was a superior liquid for jet fuel. Roughly 65 percent of the oil shale is liquid, which could go into jet fuel. The J-8...
  • "Peak Oil’" or Lots More Oil?

    09/16/2006 8:44:39 AM PDT · by thackney · 32 replies · 867+ views
    Canada Free Press ^ | September 16, 2006 | Alan Caruba
    Oil reserves, new finds, politics In May 2006 I wrote, "I know about the "Peak Oil" theory that says we either have or are about to reach the point of diminishing returns regarding the world's oil supply, but these recent discoveries suggest there is still plenty of oil to be found." In that commentary I documented nearly a dozen new fields of oil and natural gas discovered since 1995. So I wasn't surprised when, on September 5, Chevron Corporation announced it had discovered new, huge reserves of oil some five miles below the surface of the Gulf of Mexico. The...
  • Shale oil - now?

    06/02/2006 3:52:00 PM PDT · by Knitting A Conundrum · 56 replies · 1,213+ views
    Deseret News ^ | 6/2/06 | Stephen Speckman
    Deseret Morning News, Friday, June 02, 2006Shale oil — now?Company says $40 per barrel production is possible in UtahBy Stephen SpeckmanDeseret Morning News VERNAL — A company says it can produce oil from shale mined from Utah within two or three years, at a cost of about $40 per barrel, and that notion has leaders in Washington, D.C., interested in ways to make it happen. Oil Tech CEO Romit Bhattacharya, second from left, explains production of oil from shale to Sen. Pete Domenici, left, and Lt. Gov. Gary Herbert at processing site. Utah may contain more oil in shale than...
  • Squeezing Oil Out of Stones in the Rocky Mountains

    05/26/2006 2:41:23 PM PDT · by dangerdoc · 7 replies · 949+ views
    NPR ^ | 5/23/06 | Scott Horsle
    The high cost of crude oil has many people looking for new sources of energy -- and taking a second look at some old ideas. Oil shale is an idea that was tested a generation ago, then abandoned when the price of crude oil plunged. Now, a self-taught inventor is once again eyeing the vast shale deposits of the Rocky Mountains. Byron Merrell steers his Chevy pickup along Highway 40 in eastern Utah, past the fiberglass dinosaurs that welcome tourists from the nearby national monument. Just outside the city of Vernal, he turns onto the "Bonanza Highway." The highway is...
  • Coal-to-Oil Project Approved by China

    04/25/2006 8:06:16 AM PDT · by ex-Texan · 21 replies · 808+ views
    China Daily ^ | 4/25/2006 | Hui Ching-hoo
    Yanzhou Coal Mining, the mainland's second-largest listed coal miner, said its parent company Yankuang Group has received approval from the government to develop a 5-million-ton coal-to-oil project. The first phase of the project in Northwest China's Shaanxi Province is estimated to cost 10 billion yuan (US$1.25 billion). Its capacity will reach 1 million tons of oil products a year, Chief Financial Officer Wu Yuxiang told reporters in Hong Kong yesterday. "Total production capacity of the project will amount to 5 million tons annually," he said, without giving a timetable. Yankung Group will mainly participate in the preliminary stage of the...
  • Digital Gas Advised That DOE Signed Agreements on Product Development and Intellectual Property

    03/24/2006 8:36:47 AM PST · by dangerdoc · 1 replies · 277+ views
    New York Business Wire ^ | 3/7/06 | news release
    Digital Gas Advised by Oil Shale Partner That Department of Energy Laboratory Signed Agreements on Product Development and Intellectual Property NEW YORK--(BUSINESS WIRE)--March 7, 2006--Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced today that its oil shale technology development partner has concluded negotiations with an operator of a major U.S. Department of Energy laboratory for further development of the fuel cell system the two companies will seek to commercialize. Exclusive product development and intellectual property agreements were signed by the operator of the laboratory. After an extensive due diligence process, in which numerous fuel cell and other research laboratories were interviewed...
  • Utah sits on huge oil reserve

    04/21/2005 2:56:45 AM PDT · by RWR8189 · 87 replies · 9,687+ views
    Springville Herald ^ | April 21, 2005
    As a prominent advocate for encouraging unconventional energy sources, Sen. Orrin Hatch (R-Utah) was asked to testify today in front of the Senate Energy and Natural Resources Committee on his efforts to develop fuel from a vast untapped domestic oil reserve in tar sandsand oil shale -- a large part of which sits in eastern Utah. "Who would have guessed that in just Colorado and Utah, there is more recoverable oil than in the Middle East?" Hatch said. "We just don't count it among our nation's oil reserves because it is not yet being developed commercially. I find it disturbing...