June 2014

Economic Impact Study Shows Impressive Benefits

20 Jun 2014

By the mid-2050s, Enefit expects to be able to look back and show that more than 30,000 new jobs were added to the state’s workforce from direct, indirect and induced spending to build and operate our Utah Project. About half of those jobs will be located in the Uintah Basin and surrounding communities. We expect our direct workforce to number between 1,500 to 2,000 employees during this period; additional employment comes from contractors supplying the project and from “induced” jobs created to serve a larger community. Over the course of 30 years, that will result in about $4 billion in wages and labor income and more than $8 billion in total contributions to Utah’s gross domestic product (GDP).

These numbers come from a study being prepared to help Enefit understand the short- and long-term socioeconomic effects that our oil shale project will have on the Uintah Basin and the greater region. We’re assessing both the benefits to the community through jobs, income and tax revenue, and the supplements to public and private services that will be required due to project-related community growth. While these numbers are preliminary and will be refined as we gain more information over time, it’s clear that Enefit’s Utah Project will have an impressive economic benefit on the Uintah Basin and beyond.

Rikki Hrenko One of Utah’s 30 Women to Watch

20 Jun 2014
Enefit American Oil’s Rikki Hrenko was named one of Utah’s 30 Women to Watch by Utah Business magazine in its May issue. In fact, she was featured on the cover of the magazine with two other top executives (that’s her on the left).

Rikki and the 29 other woman were highlighted as exceptional leaders, entrepreneurs, change-makers and mentors in a wide range of industries. In addition to being spotlighted in Utah’s leading business publication, the group was honored at a gala lunch event. Congratulations, Rikki!

Enefit is Helping to Clear Utah’s Air

20 Jun 2014
Enefit American Oil is joining with the Salt Lake Chamber and Utah’s statewide clean air coalition, UCAIR, to help reduce emissions and improve air quality during July’s Clear the Air Challenge. While this is of significant concern during the wintertime inversion season, the Clean Air Champions program encourages year-round participation and seeks to encourage habit changes during the summer that will be continued when the weather gets colder. Reducing emissions and improving air quality along northern Utah’s Wasatch Front and eastern Utah’s Uintah Basin, where Enefit’s Utah Project is planned, is an increasingly important initiative among the state’s government, business and community leaders. While Enefit’s current footprint in the state is small, we’re committed to be being a part of this vital effort now and into the future.

Specific things that Enefit is doing as a Clean Air Champion include allowing employees to either work from home or adjust their commute schedules on poor air-quality days, developing a trip reduction plan that eliminates 10-20 percent of company driving during the inversion season, and participating in the Utah Department of Air Quality’s e-mail alert system to inform employees of poor air-quality periods and provide tips on reducing trips.

Working together, we’ll all breathe a bit easier!

NOSA Lowers Water Use Estimates for
Oil Shale Projects

20 Jun 2014
The National Oil Shale Association has reevaluated and updated estimated water needs for commercial oil shale projects in the western United States. These estimates are based on information from project developers and recognize that different oil shale production technologies have
varying water needs. In the past, researchers had estimated that three to five barrels of water could be required to produce one barrel of oil from oil shale. Over time, that estimate has been dramatically lowered as detailed engineering studies for various projects are completed and more information is made available.

In 2013, NOSA lowered its estimated to 1.7 barrels of water per barrel of oil (Bw/Bo). NOSA’s new estimate shows a range of 0.7 to 1.2 Bw/Bo depending on the type of technology used. In other words, a 50,000 barrel-per-day (bpd) oil shale plant – about the size that Enefit is planning at its Uintah Basin property – might use about 2,350 acre-feet of water per year. To put that in perspective, a corn-ethanol project producing just 21,000 bpd, a 400-megawatt coal-fired power plant and 2,200 acres of irrigated alfalfa all would use about 4,000 acre-feet of water a year, while a town of 14,000 people needs about 5,000 acre-feet of water per year.At Enefit, we are well-aware of the arid conditions in eastern Utah and we are engineering our project to be water-wise. It’s planned to use as little water as possible, while recycling as much of the water that we do use as possible. Most of the water used at the project, by the way, will be used for dust control in the mining operation.