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Shell abandons Colorado water rights bid, placing regional oil shale development on hold

Posted by: Maven on February 25, 2010 at 6:02 am

From the Los Angeles Times:

“Shell Oil Co. said Tuesday it is abandoning its quest for water rights from a northwest Colorado river to develop oil shale production, citing delays in the project due to the global economic downturn.

Colorado, Wyoming and Utah are thought to hold 800 billion barrels of recoverable oil in shale. But critics of a federal management plan for developing oil shale on public lands say the process would use too much of the region’s scarce water.

Shell was hoping to obtain water rights from the Yampa River. The company, which is the U.S. unit of Royal Dutch Shell, left open the possibility of pursuing the project in the future. … “

Continue reading this story at the Los Angeles Times by clicking here.

February 25, 2010 · Filed Under Colorado River & the Southwest

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