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Special
Monday Report
Oil
Shale Breakthrough!
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| From
Bonneville Research |
September
29, 2010 |
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| Dear Reader,
Northeastern Utah and
Western Colorado have long dreamed of an economical and environmentally
responsible way to extract the estimated 1.5 trillion bbl of oil shale
resources found in the Uinta and Piceance Creek basins in Utah and
Colorado.
It looks like some of the economical challenges may
be being met by using some of the same technologies to drill for "shale
gas".
Environmental impact and water demand questions may still be an issue!
The article below appeared in todays
Financial Times.
Bob Springmeyer
801-364-5300 o
801-673-9021 c
Jon Springmeyer
801-746-5706 o
801-673-9021 c
See
the Financial Times Article below!
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US
Energy Companies Rush Into Shale Oil Projects:
A
band of entrepreneurial oilmen have found an economic way to extract
oil from shale rock, fuelling a frenzy for prospects that has pushed up
lease prices and lifted hopes of the first rise in onshore US oil
production in decades.
Mineral
leases in shale oil territory that would have sold for $10 an acre in
the Niobrara Shale - which runs under parts of Colorado, Kansas,
Nebraska and Wyoming - just two years ago are going for $5,900 an acre,
according to Wood Mackenzie, the consultancy.
These
small independent oilmen had used hydraulic fracturing and horizontal
drilling to triple estimates of US natural gas supplies and are now
applying that same technology to get oil from shale rock.
Read the full article!
Source:
Financial Times, London
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Research
Bonneville
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