Not only is the oil and gas industry booming in the Permian Basin, new technologies are emerging that will allow producers to get to oil that was otherwise inaccessible less than 20 years ago.A very interesting link.
And these technologies, particularly the use of carbon dioxide to get to previously unattainable crude-oil reservoirs located in “residual oil zones,” could signal the next gold rush and keep the area booming for decades to come.
Thursday, March 15, 2012
CO2 Shortage -- Impacting Oil Production
Posted by Bruce Oksol at 6:49 PM