Investment planning model for an oil shale industry in the Piceance basin

Journal Article · Wed Jun 01 04:00:00 EDT 1983 · Diss. Abstr. Int. B; (United States)

OSTI ID:5999174

Melton, Jr, J W

The Piceance Basin, a 1,500-sq mile region in NW. Colorado, contains approx. 600 billion bbl of recoverable oil in the form of oil shale. Water is scarce in the area, air quality is precious, and no industry currently is in place. In addition economics of oil shale conversion have not been established. The model presented in this study is a partial equilibrium model structured as a linear program. It is dynamic, representing the period 1990 to 2009. Water can be acquired locally or from a source distant from the basin. Spent shale may be used to fill canyons, backfilled in underground mines, or transported from the basin to a less environmentally sensitive area. Given the available resources, economics, discount rate, rate of escalation in world oil price, and plant cost, development should proceed at a moderate pace, reaching a peak of 1.05 million bopd in 2005.

• OSTI ID: 5999174
• Journal Information: Diss. Abstr. Int. B; (United States), Journal Name: Diss. Abstr. Int. B; (United States) Vol. 43:12; ISSN DABBB
• Country of Publication: United States
• Language: English

Related Subjects

04 OIL SHALES AND TAR SANDS
040800* -- Oil Shales & Tar Sands-- Economics
Industrial
& Business Aspects
COLORADO
FEDERAL REGION VIII
FORECASTING
GEOLOGIC DEPOSITS
INDUSTRY
INVESTMENT
LINEAR PROGRAMMING
MATHEMATICAL MODELS
MINERAL RESOURCES
NORTH AMERICA
OIL SHALE DEPOSITS
OIL SHALE INDUSTRY
PICEANCE CREEK BASIN
PLANNING
PROGRAMMING
RESOURCE DEVELOPMENT
RESOURCES
USA