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Independent Energy Partners, Inc. (IEP) is an oil shale resources company based in Parker, Colorado, the United States. It is a developer of the Geothermic Fuels Cells Process, an in-situ shale oil extraction process. CEO of the company is Alan K. Forbes. [1]
The company's reserves are entirely in the Appalachian Basin (92% were in the Marcellus Shale and 8% were in the Utica Shale) and are extracted using hydraulic fracturing. [ 1 ] As of December 31, 2021, the company had 17,729 billion cubic feet (502 billion cubic meters) of estimated proved reserves, of which 61% was natural gas , 21% was ...
Colorado is a geologic name applied to certain rocks of Cretaceous age in the North America, particularly in the western Great Plains.. This name was originally applied to classify a group of specific marine formations of shale and chalk known for their importance in Eastern Colorado.
The Benton Shale (also Benton Formation or Benton Group) is a geologic formation name historically used in Montana, Wyoming, North Dakota, South Dakota, Colorado, Kansas, and Nebraska. [1] In the "mile high" plains in the center of the continent, the named layers preserve marine fossils from the Late Cretaceous Period .
The Piceance Basin contains one of the thickest and richest oil shale deposits in the world and is the focus of most on-going oil shale research and development extraction projects in the U.S. The Piceance Basin has an estimated 1.525 trillion barrels of in-place oil shale resources, and an estimated 43.3 billion tons of in-place nahcolite ...
In the United States, the company had major holdings in the Delaware Basin, where it had over 580,000 gross acres, primarily in the Cline Shale; the Denver Basin, where it had more than 400,000 net acres; operating 4,600 vertical wells and 1,400 horizontal wells, and in Greater Natural Buttes, Utah, where it had approximately 2,850 wells. [1]
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1909 – Colorado State Geological Survey publishes first geological map and report. 1916 – The name is changed to the Colorado Geological Survey. 1925 – The Colorado Geological Survey goes out of existence after publishing 31 Bulletins on various aspects of the geology and mineral resources (including oil shale) of Colorado.