Friday, September 5, 2008

Green River Formation Basin - Oil Shale - BLM to offer 1.90 acres 9/5/08

The Bureau of Land Management ( BLM ) is planning to lease out 1.9 Million acres for oil shale development in the Green River Shale Basin.

The U.S. Bureau of Land Management issued a plan to set aside 1.9 million acres in Utah, Wyoming and Colorado for development of oil from shale and tar sands.
Under the plan, announced in the Federal Register today, the bureau must create rules that govern the leasing and development of the resources. The bureau estimates that Western lands hold the equivalent of 800 billion barrels of oil.

More on the Green River Oil Shale -