US Oil Sands is a growth-oriented energy company focused on environmentally sustainable heavy oil (bitumen) production of oil sands. The Company's initial commercial demonstration project is located in Utah's Uintah and Grand counties where the Company has a 100% interest in bitumen leases covering 32,005 acres (50 square miles) of land, the largest commercial oil sands position in the United States. These leases contain a large resource base in excess of 180 million barrels of discovered petroleum which, when developed, will provide a significant benefit to Utah's economy and help meet U.S. domestic energy requirements.
US Oil Sands is developing its properties by using a unique and environmentally friendly extraction process. This one-of-a-kind, patented approach to oil sands development allows the Company to achieve best-in-class environmental results along virtually any metric. This process utilizes a citrus based bio-solvent that naturally separates bitumen from oil sand. This approach completely eliminates the need for tailings ponds, is expected to require approximately 50% less energy input than traditional oil sands projects, recycles 95% of the water used and employs best practice mining methods to simultaneously mine and reclaim the targeted area. US Oil Sands is fully permitted by Utah's Division of Oil, Gas and Mining to construct the PR Spring Project on its Utah property and first-oil is expected in 2016.
US Oil Sands is the world's most environmentally-responsible oil sands development company. US Oil Sands is applying breakthrough technology to achieve outstanding financial and operating results.
We value the trust that shareholders have placed on us through their investment. We uniquely apply our technology to create exceptional shareholder value. We act in accordance with the highest standards of integrity and corporate governance.
We value the relationships we have with the communities in which we live and operate, and the suppliers and contractors with whom we work. We respect the laws and expectations of these stakeholders, and seek to generate win-win results with a balanced approach to the environment, the economy and energy development.
We value the importance of a safe and responsible workplace. We operate with the highest standards of safety and environmental performance and utilize the principles of operational excellence to achieve outstanding results.
We value the energy, enthusiasm and creativity that come from our unique and talented people. We create a high performance environment that treats employees with respect, stimulates growth and values each person's contribution.
Company Name | US Oil Sands Inc |
Business Category | Oil & Gas |
Address | 1600, 521 - 3rd Avenue SW Calgary Alberta Canada ZIP: T2P 3T3 |
President | Glen Snarr |
Year Established | NA |
Employees | 10 |
Memberships | NA |
Hours of Operation | NA |
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*** | President, Chief Financial Officer & Corporate Secretary | Locked content | |
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