A Grand Junction man says his family’s oil shale claims covering thousands of acres in northwest Colorado are valid.
Federal officials are looking at options for setting royalties for commercial oil shale development, including implementing sliding-scale royalties or giving the interior secretary authority to set a higher rate than a 12.5 percent minimum rate if it’s deemed appropriate.
Over the years, the former Anvil Points federal oil shale research site west of Rifle was busy enough at times that workers lived in 74 homes built by the government and three buses came by to take children to Rifle schools.
A baking soda company and an energy industry giant are the latest companies that have received approval to research how to economically extract oil from oil shale on federal land.
Leaders in Grand Junction say any federal policy on oil shale should require a study of how commercial activity would affect surrounding areas.
The federal government is holding the first of several public meetings on plans for oil shale development on public lands that would keep activity off thousands of acres of environmentally sensitive areas in three Western states.
Members of Colorado’s congressional delegation are at odds over a proposal on oil shale.
The federal government’s new plan for oil shale development on public lands would keep activity off thousands of acres of environmentally sensitive areas, with new leases initially being issued strictly for research on how to commercially produce oil from oil shale in Utah, Wyoming and Colorado.
Interior Secretary Ken Salazar says the Obama administration will be revisiting the research and development of oil shale to determine how it will fit in the U.S. energy sector.