Analysis of geologic, hydrologic, and geophysical data obtained in and around Yellow Creek Core Hole No.1, Rio Blanco County, Colorado, indicate a 1,615-foot section of oil shale was penetrated by the hole. Geophysical log data indicate the presence of 25 gallons per ton shale for a thickness of 500 feet may be marginal. The richest section of oil shale is indicated to be centered around a depth of 2,260 feet. Within the oil shale the interval 1,182 to 1,737 feet is indicated to be relatively structurally incompetent and probably permeable. Extension of available regional hydrologic data indicate the oil shale section is probably water bearing and may yield as much as 1,000 gallons per minute. Hyrologic testing in the hole is recommended.