North Dakota’s two US senators kicked off the National Enhanced Oil Recovery Initiative, which they described as a comprehensive effort to increase US oil production while sequestering carbon dioxide, at a July 12 press conference with oil industry executives, state officials, and technical experts.Others calling for increased government support. Unfortunately, now that "big business" wants to get into carbon capture championed by the administration, there will be efforts by same administration to squash it. I'm not holding my breath for any support from this administration.
Kent Conrad, a Democrat who chairs the Senate Budget Committee, and John Hoeven, a Republican serving his first term after 10 years as North Dakota’s governor, noted that the state already has one of the world’s only commercial-scale carbon sequestration operations, and has become the nation’s fourth-largest oil producer.
By the way, I have lost the bubble on this. I don't know where things stand. Back in September, 2010, I understood the Basin Electric project at Beulah to be shelved, but according to their website, it sounds like it is up and running.
FYI.
2 mBakken based companies have huge existing EOR projects now in texas, Denbury Resources, and Whiting. The ticker symbols are DNR, and WLL.
ReplyDeleteIf you research a current presentation at the company website further info is available.
Thank you.
ReplyDeleteI just realized something. We've all had our eyes on the Bakken, and wondering whether CO2 or water-flooding (EOR) will work in the Bakken.
I think WLL and DNR are getting reading to take EOR to the "legacy" formations in the Williston Basin: Red River, Madison, etc. The Madison has accounted for 50 percent of all oil so far produced in North Dakota (since 1951) and getting a big old as a producing formation.
I knew DNR was in Texas (EOR), but I had forgotten about WLL.