Former Exxon President on mission to clean up oil sands – Mining.com

    You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

Former Exxon President on mission to clean up oil sands – Mining.com

by ahnationtalk on August 4, 2015482 Views

July 31, 2015

Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah’s billions of barrels of oil sands.

Imagine extracting high-quality oil out of the estimated 32 billion barrels buried in Utah’s oil sands, without creating the toxic wastelands that have resulted from oil sands projects in Western Canada. And imagine doing it at a cost that can still turn a profit in today’s oil price slump.

That would be highly enticing to some of the large operators in the Uinta Basin, Utah’s emerging tight oil play. As shale production has soared across the country, operators have moved to Utah to try to coax oil and gas from shale rock in ways that have been done on such a large scale elsewhere. Major players such as Marathon Oil (NYSE:MRO), EP Energy Corporation (NYSE:EPE) and Newfield Exploration Co. (NYSE:NFX) have significant exposure in Utah.

Read More: http://www.mining.com/web/former-exxon-president-on-mission-to-clean-up-oil-sands/

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More