December 10, 2012 - Intrepid Potash

December 10, 2012 - Intrepid Potash

Posted in the Carlsbad Forum

Resident of Carlsbad

Lovington, NM

#1 Dec 11, 2012
DENVER; December 10, 2012 - Intrepid Potash Inc.(Intrepid)(NYSE:IPI) today announced that on December 3, 2012, the U.S. Department of the Interior issued an updated Secretarial Order governing the administration of the federal mineral resources - both potash and oil and gas - in the Secretary's Designated Potash Area. This 497,000-acre region outside of Carlsbad, New Mexico, includes all of Intrepid's New Mexico operations and facilities. Secretarial Orders governing the nation's only strategic potash reserve have been in place since 1939 and provide guidance to the Bureau of Land Management and industry on the development of both the potash and oil and gas resources. The most recent Secretarial Order was issued in 1986. "The new Secretarial Order is a product of Department of the Interior Secretary Ken Salazar's vision and leadership," said Bob Jornayvaz, Intrepid's Executive Chairman of the Board. "At the start of the year, Secretary Salazar challenged the potash and oil and gas industries to work cooperatively to propose a framework for the safe and orderly co-development of both of these important national resources. After months of extensive discussions, a Joint Industry Technical Committee proposed modifications to the 1986 Secretarial Order designed to meet these objectives and, thereby, to reduce conflict over resource development in the Secretary's Designated Potash Area. We are extremely pleased that the Department of the Interior, after its own extensive internal review and evaluation of public comments, has issued a new Secretarial Order that gave consideration to the recommendations from the Joint Industry Technical Committee. This is an historic achievement that paves a path forward for the potash and oil and gas industries to work cooperatively to develop their respective resources in a safe and orderly manner."<

Lovington, NM

#3 Dec 11, 2012
Every potash mine east of Carlsbad they have left behind miles and miles of underground chambers that have been mined out, leaving pillars of potash holding up the ceilings.
There is just about as much potash in those ceiling support pillars what they mind out.
The problem is how do you get those pillars out without the ceiling collapsing down on you, solution to the problem is "" pump down reservoirs of water "" dissolve the potash let the ceilings collaps down creating pressure so they can pump out the water dissolved potash.
This will take huge reservoirs of water to fill these underground chambers, think of "" Thousands of Carlsbad city lakes "" being pumped underground, where is this water coming from?

Lovington, NM

#4 Dec 29, 2012
They use brine water not fresh. Fresh water dissolves potash

Albemarle, NC

#5 Dec 30, 2012
Brrinee water will dissolvee it, it just takes longer.

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