Shell shelves oil-shale application to refine its research
The front-runner energy company in the effort to unlock oil shale in northwest Colorado has slowed down its research by withdrawing an application for a state mining permit.
Shell's method involves heating shale over a period of years and encircling it in a wall of frozen water to prevent groundwater contamination.
Shell has been researching heating methods on its property in the Piceance Basin for several years and is now in the process of freezing a test wall. Research on that wall will continue.
Davis said the freeze-wall test should be completed by 2009 or 2010.
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This is a development worth noting. It's bad news, of course, not to meet a projected milestone, but Shell is continuing with the method that they think will allow them to tap western Colorado's estimated 1.3 trillion barrels of oil. Their persistence could be an indicator of their confidence or this may be one of the few remaining games to play for an oil major.
The front-runner energy company in the effort to unlock oil shale in northwest Colorado has slowed down its research by withdrawing an application for a state mining permit.
Shell's method involves heating shale over a period of years and encircling it in a wall of frozen water to prevent groundwater contamination.
Shell has been researching heating methods on its property in the Piceance Basin for several years and is now in the process of freezing a test wall. Research on that wall will continue.
Davis said the freeze-wall test should be completed by 2009 or 2010.
++++++++++++++++++++
This is a development worth noting. It's bad news, of course, not to meet a projected milestone, but Shell is continuing with the method that they think will allow them to tap western Colorado's estimated 1.3 trillion barrels of oil. Their persistence could be an indicator of their confidence or this may be one of the few remaining games to play for an oil major.
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