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<br />1 40 *-*-THE DENVER POST <br />54.5 MILLION OFFER <br /> <br />Wed., April 16, 1915 <br /> <br />Oil Firm Seeks I <br />Water Rights i <br /> <br />B~. lHeK PRtllTY jleChnical and ~.onomic lead' <br />DtnH'r Post Slaff \\ritt'r lime required for Ihe proJect! <br />Rio Blanco OIl Shale Corp:,lmake it advisable to estahlish! <br />Drnvt'r has oHerN '.3 minl_,water ~1!::ltS" <br />mum" ~f S~,5 million for 45,0001 Herget- said the water would <br />I acre-feet of White River waterjbe dl\'erted from the n\"l'r about I <br />in northwest Colorado. 20 mLlt's downstream from <br />The price of $1,000 an acre- Meeker. State approval is ne!'d-I <br />foot for conditlOnall~' decret'dled for changing the point oii <br />industrial water is part of a diversion from a point inside <br />24.month optio,l made Tuesday Itt\(> pr~ed FIliI Tops wilder-r <br />with Rockv ~'Iountain Power: ne55 i1rea in White River 1\a- <br />Co., Denve~. IUOIlal Fores!- <br />Charles Brannan, former U.S, The two-year option will givel <br />a~rJculture secretary and ,now Rio Blanco time to do hydro-I <br />a member of the Denver "ater logic, E'ngineering and legal I <br />Hoard, IS preSident of Rocky work nel'essary 10 exercise its I <br />Mountain Power It holds waler optIOn. he said. <br />nghls 10 Color<ldo but has no Rio Bt<lnco. a (inn cre-att'd bv <br />power production or transmis- Standard Oil of Indiana and <br />I si~n f?c!litie,s. , Guli Oil Corp_ after successfully <br />WATER S l'SE bidding $210 million for t!'le 2{). <br />RIO B1an~ would use the wa. year rig1lts to the :l.08g..acre <br />i(er fo.r Its OII.shah~ de\"el_opmE'~t Pice:mce- Basin tract. now is <br />program on federal le,ase tract engaged in a multimillion-<lol. <br />C.a, Walter Herget, RIO Blanco lar environmental and leclInical <br />president. !;aid evaluation program. <br />BergE't said. the water d~ret>s rnlil that work is rompletE'd. <br />lare- datl"d 19~7. They .....on t re-no rleciSl"" wm Ix> madl' on <br />move any, agncultu:al wateriwhNhE'r a 5O.000-barrel-a.d;W! <br />from lhe !'wer. he- saId.. i]}lant will bI" bUIlt. . <br />I Althou~h RIO Blanco will nl'~' _ __ <br />10,000 at'rl".feet ()/" water for ~ <br />the ao.!)(In-barrel-a-rlllY shale.{lll <br />plant it expe.:ts 10 have in op"r. <br />I'alion 10 1980. additional amounls <br />1',111 be n("ed!:d if o~ratllllls <br />are f'xp<md"d to the 300,000.-1 <br />barrt'l.a-<lay operallOn proposro <br />Ita the r S. Interior Department <br />If Oil-shale productIOn reacht-s <br />: 300,000 balTt'ls a da\", under-I <br />iground as well as S1IrfaC(' watE'r' <br />iwill be llt'l"ded for "hale rt'lHrt- <br />Im~ and mine-land reclamation.] <br />:'OP'TW\:S IWE" <br />I "We are keeping our options <br />open:' H~et said "The na. <br />tUre of Color.ldo watt'r law, th< <br /> <br />0071 <br />