Economic evaluation of oil shale and tar sands resources located in the state of Utah: Phase 2

Technically accurate economic evaluation of Utah resources is essential to the future health of Utah's economy and for the sound management of Utah's lands and mineral/hydrocarbon resources. This report presents the results of the second year of research aimed at resources in the State of Utah. The system will allow the quantity, quality and economic worth of Utah's resources to be assessed. Phase I of this project was completed on June 30, 1980.* Its purpose was essentially to study and demonstrate proposed methodologies for information accessing, resource characterization, and economic evaluation. Following an interim assessment period, the Division of State Lands decided to proceed to Phase II which calls for the practical implementation of the methodologies proposed in Phase I. This program covers a two-year period. The first year was completed on June 30, 1982, and forms the substance of this interim report. This interim report gives the status of (a) the acquisition of resource data and information, (b) the development of a data base and evaluation models, and (c) the application of these to State of Utah management issues. Application of the methodologies is expected to cut across a broad range of executive and legislative issues. A discussion of current and future work is also given. A comprehensive listing of - data and programs being developed will be given in the final report of this project.