PyroPhase / PSC

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Utah
PyroPhase's Asphalt Ridge is the company’s primary production operation, just south of Vernal, Utah. The operation outputs consists of heavy oil and sand products.
The state of Utah is known to have total resource estimates ranging from 23 to 32 billion barrels of oil-in-place (“OIP”).* (OIP represents undeveloped oil sand resources, and are not estimates of resources or recoverable resources.) In fact, Utah contains approximately 55% of the nation’s total deposits. These oil sands are classed as “oil-wet” deposits and consist of a mixture of sand and a dense, extremely viscous form of petroleum technically referred to as bitumen or tar. Moreover, the bitumen in Utah is somewhat unique in that it contains less than 0.5% sulfur.