BOARD01567

• Board Meeting Date: 5/1/1975
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

who will discuss the environmental program which actually has been the
visible effort in the field for our project up to this point.

Our plans were developed under the terms of the lease within a few days
of the awarding of the lease, in what 'was called a '~reliminary develop-
ment plan." This was to be followed under the terms of the lease by a
detailed development plan within the next three years. I

In the original preliminary development plans for our two projects, we
had a suggested combined production of one hundred thousand barrels per
day of synthetic crude oil. This we estimated at that time would require
a total of 36,000 acre-feet per year of water for both plants and the
associated community which we believe will be required at some time in
the future. We have not chosen to change these numbers up to this point,
awaiting the outcome of our detailed development plan.

At this time, I would like to introduce Mr. Doney, who is our manager of
engineering. He will discuss our construction and engineering programs
and then, as I mentioned, he will be followed by Mr. Reese Madsen, who
will show a few pictures of the area. Some of you, I know, had the
opportunity to tour it this week. Then Mr. Madsen will discuss our
environmental program. Mr. Doney.

Mr. Doney: Thank you. Mr. Ramsey introduced me as manager of engineering.
He didn't tell you that I am the only engineer in the engineering depart-
ment. We are depending on contractors to do a lot of work. My creden-
tials in water and oil are this. I grew up in the dust bowl of eastern
Colorado, and I have been in oil ever since I left Colorado.

We have retained several contractors to help us in working out the details
of the White River Shale Project. We are not nearly as far advanced as
are the operators of the Colorado tract. Ya:. Berry, who just spoke, has
some numbers which we simply don't have yet.

Now we are in the midst of a broad scale feasibility study which we hope
will give us these numbers. I think our original request for water was
for about 36,000 acre-feet for the scale of operation Mr. Ramsey men-
tioned. We think that is ad~quate, but we don't simply know what the
numbers are yet.

The Bechtal Corporation of San Francisco is performing this study. We
have many, many alternatives ahead of us. Most of these alternatives
at the present time are technical. We have a choice of technology in
even mining the shale and retorting the shale and in processing and
handling the final product. We think that we will have certain decisions I
made yet this year which will affect the future course of our operation.
We also have the obligation to produce the detailed development plan and
we will produce that next year.

When we have this plan, we will go ahead with more details of the project.
We recognize the value of water. We see our only reasonable source of
water as the White River, but we just don't know enough about our project
yet. That is a broad picture of the engineering phase, and I will turn

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