Red Leaf Resources, Inc. has announced that it has entered into a collaboration agreement to advance its upgrader project in the Uinta Basin with Ute Energy, a wholly-owned subsidiary of the Ute Indian Tribe. These assets include its permitted 40,000 barrels per day refinery and a proposed transloading facility. “We are honored to partner with the Ute Tribe,” shares Red Leaf Chairman Michael Binnion. “As one of the largest stakeholders in the region, they are committed to the development of the oil producing Uinta Basin and ensuring local communities share in the economic and social benefits. We are looking forward to cooperating with the Ute tribe on this important infrastructure development for the region.” The proposed refinery’s finished products slate will include ultra-low sulfur diesel and raw crude from the Uinta Basin, particularly the Black and Yellow Wax crude produced locally.
