Encana has no interest in oil shale
A former oil shale developer’s recent sale of 48,000 acres in western Colorado is one more sign that high recent oil prices don’t appear to be doing much to revive local interest in shale as an energy resource.EnCana Oil and Gas bought 48,000 acres in western Garfield County and in Rio Blanco County from Union Oil Co. of California, or Unocal for short.EnCana is interested in the natural gas reserves beneath the property, and didn’t make the purchase with the oil shale reserves in mind, company spokesman Walt Lowry said.”EnCana has no plans to rejuvenate or reinstitute any oil shale program,” he said. “Our interest in the area is natural gas and to do that natural gas development.”The sale of the property marks Unocal’s departure from the western Colorado oil shale industry. All oil shale-related structures were removed and the area was reclaimed before the sale.”I think this pretty much affirms that oil shale just isn’t economically viable,” Unocal spokesman Barry Lane said in the story. “We made a valiant effort, but we’re now focused on other areas.”Lowry doesn’t rule out the idea of oil shale becoming a viable industry at some point. Until the United States and world find renewable sources of energy, they will continue to depend on fossil fuels, and the energy industry will continue to be driven by supply and demand, he said.”I suppose that at some date way in the future, it’s possible that oil shale may make a comeback, but it’s certainly not EnCana’s intention” to become involved in the industry, he said.For now, he believes oil shale has proven not to be economical. And regardless, it’s not EnCana’s area of expertise, Lowry said.Contact Dennis Webb: 945-8515, ext. firstname.lastname@example.org
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