U.S. Oil Sands Announces Deferment of PR Spring Project

Canadian based company U.S. Oil Sands announced this month that plans for the PR Spring project will be deferred until a $7.5 million dollar financing is complete. Mechanical construction of PR Spring is complete but “as a result of liquidity constraints,” the Company has elected to “lay-up the facility pending the closing of Financing.” The announcement also states that most Canadian and U.S. employees have been temporarily laid off, retaining only those essential to close a financing and a few U.S. employees to maintain basic operations of the facility. U.S. Oil Sands hopes to have financing complete by the end of December in which case employees will be brought back in January 2017. Commissioning procedures can then begin that will lead to commercial production.

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Kristin Baldwin

Kristin never planned to work in news radio but has thoroughly enjoyed being part of the news team at KVEL. Her love of literature and writing developed in high school which led her to study English Literature and Technical Writing at BYU. She received her BA in English from BYU in 2005 and studied at UVU in Orem for 2 semesters to become a Certified Technical Writer in 2006. Two months after completion she began her dream job of being a stay-at-home mom.  As mother of 2 energetic kids, she began writing from home for the KVEL news team in 2011 and considers it the perfect fit as a full time mom and part time writer.