US Oil Sands is an oil sands company with a large land position that totals 32,005 acres of bitumen extraction rights on leases in the State of Utah. These assets contain approximately 184 million barrels discovered resource (NI 51-101) and represent the largest oil sands holdings in the United States. All lands are leased from the State of Utah, School and Institutional Lands Administration (SITLA) and US Oil Sands owns 100% of the bitumen rights to these lands.
US Oil Sands has developed new technology to extract bitumen from oil sands. This technology applies to surface-mineable oil sand deposits and eliminates the generation of tailings ponds. The process is a simplifying technology and achieves top tier performance in water conservation, minimal land disturbance, and reductions of GHG and other air emissions.
