Possible future of the Green River formation - Mountain Buzz
 

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Old 02-20-2013   #1
 
Denver, Colorado
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Possible future of the Green River formation

"Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.

A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves." "

An American Oil Find That Holds More Oil Than All of OPEC - ABC News

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Old 02-21-2013   #2
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Possibly relevant aspect of oil shale development to regional whitewater enthusiasts...

Quote:
Development of oil shale resources will require significant quantities of water for mine and plant operations, reclamation, supporting infrastructure, and associated economic growth. Above-ground retorting typically consumes between one and five barrels of water per barrel of produced shale oil, depending on technology.[7][25][26][27] For an oil shale industry producing 2.5 million barrels per day (400103 m3/d), this equates to 105,000,000–315,000,000 US gallons per day (400,000–1,190,000 m3/d) of water.
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Old 02-21-2013   #3
 
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I know Shell was sitting on a bunch of Yampa water rights waiting for the opportunity to access this oil when the technology improved that it made sense financially. These rights were challenged, and Shell eventually had to give them up. So the oil companies are very aware of the need for this water to drill in this area. Shell was just trying to get in before the price went up. The one benefit to our water laws is that they prevent a company like Shell from just collecting water rights without putting them to beneficial use.

The fact of the matter is that when it makes sense financially to go after this oil the oil companies will get the water rights necessary to make the operation work. I'd like to think that there was something we could do to keep this water in the river, but there is so much money sitting in the shale that its hard to imagine that anything could stop this from happening. I just hope the farmers that currently hold these rights are smart enough to make these companies pay top dollar.
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Old 02-27-2013   #4
 
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we do need more oil.
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