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 - http://www.oilshalegas.com/greenriveroilshale.html

Oil Shale - Green River Basin Formation

The Green River Formation in Colorado, Wyoming, and Utah hold over 750 billion barrels of recoverable oil from oil shale. This region could one day reduce our dependence on foreign oil.

While the land is held in federal hands, they are leasing land out to companies for testing purposes. Shell oil company is one of those companies. Shell is testing one specific location in Colorado about the size of a football field. Shell is testing the freeze wall which keeps water out of the production area while they basically heat and extract the oil from shale.

For more on the Green River
Formation...visit http://www.oilshalegas.com/greenriveroilshale.html