Denbury Resources CO2 Sequestration & Enhanced Oil Recovery

Denbury is using CO2 Enhanced Oil Recovery (CO2 EOR) to produce more domestic energy and is able to sequester CO2 in the process.

CO2 EOR has the potential to store billions of metric tons of CO2 and produce 39 to 48 billion barrels of American oil that are not recoverable today, representing twice the current U.S. proven reserves. This would partially offset oil supplies from foreign countries, which currently represent over one-half of U.S. consumption. As policy makers search for ways to capture and sequester CO2 from industrial sources, it is clear that utilizing depleted American oil fields is the best proven opportunity to safely make carbon capture and sequestration ("CCS") a reality in the near term.

In 2006, the U.S. Department of Energy ("DOE") estimated that in the Gulf Coast region (Alabama, Mississippi, Louisiana and southeast Texas), originally contained approximately 78.9 billion barrels of oil in place. In the Rocky Mountain region (Montana, North Dakota, South Dakota and Wyoming), it is estimated that the original oil in place was approximately 35.6 billion barrels. Assuming that sufficient supplies of CO2 are captured and delivered to the oil fields in these regions, the DOE estimates that there are up to 7.5 billion barrels of recoverable oil in the Gulf Coast region and up to 3.2 billion barrels of recoverable oil in the Rocky Mountain region that could be recovered through CO2 EOR.

For more information on Denbury Resources Inc., please visit www.denbury.com.

Category:

Science & Technology

Tags:

• Denbury Resources
• CO2
• Enhanced Oil Recovery
• EOR
• CO2 sequestration
• sequestration
• sequestor
• domestic energy
• tertiary recovery
• carbon dioxide
• CO2 EOR
• Denbury