Oil-shale country
On the W. slope of the Colorado Rockies is part of the shale country (the Rio Blanco tract) under development by Standard Oil Co. (Indiana) and Gulf Oil Corp. Standard and Gulf are spending more than $15 million on initial development plans. The first plant, once underway, will represent a billion-dollar investment by the 2 companies and an annual payroll of $15 to $20 million. The operators are looking for an initial output of 50,000 bpd by 1980 or 1981, and as much as 300,000 bpd by 1988. The greatest stumbling block to successful completion would be a reduction in the world price of oil, because economists estimate the project could not support itself at less than $12 a bbl selling price, roughly the current cost of foreign crude.
- OSTI ID:
- 6916423
- Journal Information:
- Amoco Torch; (United States), Journal Name: Amoco Torch; (United States) Vol. 3:3
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
040400* -- Oil Shales & Tar Sands-- Oil Production
Recovery
& Refining
BITUMINOUS MATERIALS
CARBONACEOUS MATERIALS
COLORADO
COST
ECONOMICS
ENERGY SOURCES
FEDERAL REGION VIII
FORECASTING
FOSSIL FUELS
FUELS
INDUSTRIAL PLANTS
MATERIALS
NORTH AMERICA
OIL SHALE PROCESSING PLANTS
OIL SHALES
PRICES
PRODUCTION
USA