Water-Free Process Could Revolutionize Extraction of Crude Oil from Oil Sands

Water-Free Process Could Revolutionize Extraction of Crude Oil from Oil Sands

DENVER, COLORADO--August 26, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--American Sands Energy Corporation (OTCBB:AMSE) (Salt Lake City, Utah) is "a mining company that wants to produce oil," William Gibbs, chairman and chief executive, told investment analysts at an Oil & Gas conference this month in Denver. The company is unusual in another respect: it claims it can produce heavy crude oil from oil sands without using water and with a minimal environmental impact.

Other companies featured: Chevron (NYSE:CVX)

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)