The two producers known for their EOR activity look to expand their CO₂ midstream operations. Also, one analyst points out the insufficiencies in the current policy in the U.S. to justify CCUS projects.
Allen, Texas-based CapturePoint currently has EOR operations, which injects carbon into old wells to boost production, and carbon pipelines.
Vicki Hollub, CEO of leading EOR producer Occidental Petroleum, said the application can lead to net-neutral CO₂ oil production, which will be critical to advancing the energy transition.
Located in the Campos Basin, the project is expected to commence in late 2022 for a firm period of 12 months with multiple customer options to extend.
Denbury Inc.’s President and CEO, Chris Kendall, is proud of his company’s history with EOR. Now, he knows that commitment has put the company in a leadership position when it comes to carbon capture and sequestration.
The bill has little chance of being adopted into law, but reflects deep political divisions in Congress over whether and how carbon capture can be used as a tool in the fight against climate change.
How hydraulic fracturing and the case for driving carbon capture utilization and sequestration forward on the basis of EOR can help achieve a feasible energy transition.
Since deployment in early 2021, the first TITAN fracturing fleet has pumped over 1,000 stages in the Haynesville, with over 22,000 hours of total pump time across the eight pump, 40,000 hydraulic horsepower fleet.
Properly designed microbial applications remediate and prevent scale and corrosion while reducing chemical requirements, improving EOR injection rates and extending an oil and gas reservoir’s life by years.