Author Topic: Wyoming Is at Forefront of Carbon Recovery Technology  (Read 281 times)

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Offline thackney

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Wyoming Is at Forefront of Carbon Recovery Technology
« on: May 16, 2018, 09:26:52 AM »
Wyoming Is at Forefront of Carbon Recovery Technology
https://www.realclearenergy.org/articles/2018/05/16/wyoming_is_at_forefront_of_carbon_recovery_technology_110292.html
May 16, 2018

This week, Wyoming will become the focal point of carbon recovery research with the dedication of the Wyoming Integrated Test Center (ITC).

The ITC is the largest facility of its kind in North America and one of only a handful in the world that is fully integrated into a working coal plant. It features six demonstration sites, each of which will be provided with flue gas, power, and service water from the Basin Electric Power Cooperative’s Dry Fork Station.

Despite recent declines in its use, coal remains a vital and abundant energy resource that makes up 30 percent of all U.S. electricity production. According to the Department of Energy, the United States has far more energy potential from coal than the rest of the world has from oil — sufficient recoverable coal reserves to last nearly 350 years based on 2016 production. Fully 40 percent of current U.S. production is located in the Equality State...


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Offline thackney

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Re: Wyoming Is at Forefront of Carbon Recovery Technology
« Reply #1 on: May 16, 2018, 09:27:49 AM »
Denbury Paying $71.5M For Linn’s Wyoming CO2 Assets
http://www.naturalgasintel.com/articles/110622-denbury-paying-715m-for-linns-wyoming-co2-assets
May 30, 2017

One week after selling one set of assets, Linn Energy Inc. racked up a second sale, this time agreeing to shed its interest in Wyoming's Salt Creek Field to Denbury Resources Inc., a carbon dioxide (CO2) enhanced oil recovery (EOR) specialist, for $71.5 million.

Houston-based Linn agreed to sell its 23% nonoperated working interest in about 5,000 net acres, which had net production of 2,000 boe/d in 1Q2017. At the end of the first quarter, the acreage held proved developed reserves of about 9 million boe with a proved developed value of $54 million based on the estimated present revenue, net estimated direct expenses, discounted at an annual discount rate of 10%, or PV-10.

"Salt Creek is a great fit for Denbury, building scale in the heart of our core Rockies region, with production growing and many opportunities for future expansion in this large and long-lived field," said Denbury COO Chris Kendall. "The acquisition builds on our goal of resuming production growth by 2018, and its attractive price should improve our credit metrics in the near term, with the opportunity for additional enhancements in the future."...

...Denbury, which is considered a leading EOR expert, is focused on CO2 floods along the Gulf Coast and in the Rockies. It is currently partnering with Australia's Elk Petroleum Ltd. to develop the Grieve CO2 EOR project in Wyoming.....
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Offline thackney

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Life is fragile, handle with prayer

Offline IsailedawayfromFR

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Re: Wyoming Is at Forefront of Carbon Recovery Technology
« Reply #3 on: May 16, 2018, 12:25:07 PM »
Wyoming Is at Forefront of Carbon Recovery Technology
https://www.realclearenergy.org/articles/2018/05/16/wyoming_is_at_forefront_of_carbon_recovery_technology_110292.html
May 16, 2018

This week, Wyoming will become the focal point of carbon recovery research with the dedication of the Wyoming Integrated Test Center (ITC).

The ITC is the largest facility of its kind in North America and one of only a handful in the world that is fully integrated into a working coal plant. It features six demonstration sites, each of which will be provided with flue gas, power, and service water from the Basin Electric Power Cooperative’s Dry Fork Station.

Despite recent declines in its use, coal remains a vital and abundant energy resource that makes up 30 percent of all U.S. electricity production. According to the Department of Energy, the United States has far more energy potential from coal than the rest of the world has from oil — sufficient recoverable coal reserves to last nearly 350 years based on 2016 production. Fully 40 percent of current U.S. production is located in the Equality State...
While it is noble to determine new and innovative ways to reduce CO2 from a gas to a worthwhile product of use, CO2's use as an enhanced recovery mechanism to coax more oil out of the ground is a proven and extremely effective way to use it, hence Denbury's recent purchase
Yearning to stay free takes place in many ways at many different times, whether by withstanding planes or bayonets


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