PR Spring Update

July 2018

PR Spring Mine facility June 2018 – appears abandoned

It appears as if the bankruptcy is over as of April 2018. The court appointed receiver asked the court to authorize the sale of the Purchased Assets (US Oil Sands) conveying entitlement to USO Utah LLC. all of US Oil Sands’ right, title, and interest in the purchased assets. Basically the original company, US Oil Sands, Inc., has been handed over to a new company USO Utah LLC. It appears as if ACMO, the major share holder in the orginial US Oil Sands is the only member of USO Utah. under the name ACMO USO LLC..

The story of how this all fell apart can be found here: “US Oil Sands enters into receivership
The new company has applied to transfer the Notice of Intent to Commence Large Scale Mining Operations with the Division of Oil Gas and Mining in Utah.

Details of the purchase can be found here in the Second Report of the Receiver.
The sales process and agreement can be found here.

What remains to be seen:

Who is the on the Board of Directors for USO Utah LLC. (or ACMO USO LLC.)?
Intertrust Corporate Services serves as their registered agent in Delaware and Paracorp Incorporated serves as their registered agent in Utah.

Will they continue to invest money to try to make the process work?

Open pit mine left unreclaimed for a year. The tar pit collects standing water, which in the drought is some of the only surface water available to animals. June 2018.

Sept 2017

US Oil Sands files for bankruptcy. It’s assets have gone into receivership in order to pay off outstanding debts. It is unclear what that means for the future of mining on the PR Spring Site. It is possible that the equipment will be pieced out and sold and then the mine reclaimed, or another company could by it and continue mining. We will try to keep you updated.

Read more: Moab Times-Independent – Facing losses US Oil Sands mining company goes into receivership

 

 

Newly mined tar sands standing by for processing, April 8th 2017

April 10th, 2017

We visited the mine this weekend. There was no work actually happening, probably because it was the weekend, but here is what we saw:

  • Mining of ore had been happening on what folks were calling the Children’s Legacy Camp. The land was stripped, overburden moved, and ore being scraped up.
  • The ore has been crushed and piled near the processing facility (as pictured above)
  • There is a constant sound of machinery coming from the plant, perhaps they are starting to process the ore. The sound could be described as a constant whirring, “woosh wooosh woosh….” Day and night.
  • At night there are well over 50 giant super bright lights in the processing facility. They are on all major machinery and ringing the perimeter. These lights can be seen from the bottom of the valley down at PR Spring.

Tar sands processing facility at PR Spring. Notice the pile of ore ready to be processed. April 8, 2017

 

 

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Posted on April 11, 2017, in Uncategorized. Bookmark the permalink. Leave a comment.

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