27 Sep '13, 6pm

MT @tarsandsRESIST @Shell abandons costly Colorado Oil-Shale Project:

rockman on Fri, 27th Sep 2013 7:48 pm Actually unless I’ve missed a more recent update Shell isn’t giving up on the kerogen deposits but the other Colorado shale plays. From: http://www.bizjournals.com/denver/blog/earth_to_power/2013/08/shell-will-keep-oil-shale-rd-sell.html?page=all “Royal Dutch Shell’s U.S. subsidiary will keep its oil shale research project going in Colorado, but the company’s other assets in the northwestern and southeastern parts of the state are up for sale, according to the company. The company on Aug. 1 reported a 60 percent drop in second quarter results — largely due to a $2 billion write-down of its North American shale assets due to “the latest insights from exploration and appraisal drilling results and production information.” And now, so are Shell’s operations on southeastern Colorado, where it’s drilled a well in Huerfano County, Shell spok...

Full article: http://peakoil.com/production/shell-abandons-oil-shale-pr...

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