In an earlier post, I talked about DKRW pursuing a project to convert Wyoming coal to gasoline.
Along with that project, DKRW will sell CO2 (carbon dioxide; a greenhouse gas), a byproduct, of the coal-to-gasoline process, to Denbury Resources.
Denbury is a leader in using CO2 for enhanced oil recovery. Denbury will use the CO2 generated by the coal-to-gasoline process to increase production of oil from Mountain Region fields.
On a separate note, someone wrote in asking about the relationship between Denbury Onshore, LLC and Denbury Resources. This article answers that question: Denbury Onshore, LLC is a wholly owned subsidiary of Denbury Resources. It was Denbury Onshore, LLC, to whom Encore assets in the Bakken were sold some months ago.
One gets the feeling that the "Lost Decade" is quickly receding in the rear view mirrors of the oil tankers in the Bakken, the Niobrara, and the rest of the Mountain Region. And that was before the Japanese nuclear disaster.
I keep thinking of the largest Fortune 500 company with significant investment in wind energy and nuclear energy, a company that is now quickly diversifying into oil. That company would be GE. But I digress.
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