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Possible Answers:
AMSO.
Last seen on: Daily Boston Globe Crossword Monday, 24 July 2023
Random information on the term “AMSO”:
The American Shale Oil, LLC (AMSO), originally known as EGL Oil Shale, LLC, was a developer of in-situ shale oil extraction technology based in Rifle, Colorado. It was owned by Genie Energy and Total S.A. In May 2016, Genie Energy announced that the AMSO project was closing.
EGL Oil Shale was established as a subsidiary of EGL Resources, a privately owned independent oil and gas company with operations in the southwestern United States. In 2006, it was awarded a lease by the United States Bureau of Land Management to develop and demonstrate its in-situ oil shale extraction technology in Western Colorado. On 22 January 2008, IDT Corporation and EGL Resources signed an agreement, according to which IDT acquired 75% of EGL Oil Shale and renamed it AMSO, LLC. AMSO was formed on 15 February 2008. Shortly thereafter, IDT bought an additional 15% of AMSO, LLC. Subsequently, on 3 March 2009, French oil major Total bought 50% of AMSO, LLC’s shares for $3.2 million, with EGL Resources selling their remainder and IDT retaining 50%. IDT’s share was subsequently transferred to Genie Energy, which was split off from IDT on October 31, 2011. They were owned by American Shale Oil Corporation, which major shareholder was Genie Energy’s oil and gas arm Genie Oil and Gas with 98.3%.