Which company bought into the Colony Shale Project on the Western Slope in 1980?

Which company bought into the Colony Shale Project on the Western Slope in 1980?

• A. Chevron
• B. Texaco
• C. BP
• D. Exxon

Answer: (D)

The question tests knowledge of historical investments in oil shale projects and how big oil firms formed partnerships to develop unconventional resources. The Colony Shale Project on Colorado’s Western Slope drew attention from major players looking to tap into shale oil, and in 1980 Exxon joined as a partner, buying into the project to pursue those resources. This move—the entry of Exxon into the Colony venture—marks the instance described, reflecting Exxon’s active role in early shale development on the Western Slope. Other firms were involved in shale efforts in different plays or at different times, but the specific 1980 stake in the Colony project is associated with Exxon, which is why it’s the best answer.

The question tests knowledge of historical investments in oil shale projects and how big oil firms formed partnerships to develop unconventional resources. The Colony Shale Project on Colorado’s Western Slope drew attention from major players looking to tap into shale oil, and in 1980 Exxon joined as a partner, buying into the project to pursue those resources. This move—the entry of Exxon into the Colony venture—marks the instance described, reflecting Exxon’s active role in early shale development on the Western Slope.

Other firms were involved in shale efforts in different plays or at different times, but the specific 1980 stake in the Colony project is associated with Exxon, which is why it’s the best answer.