Whiting to buy power plant carbon dioxide for EOR

By OGJ editors
HOUSTON, July 22
-- For enhancing oil recovery, Whiting Petroleum Corp. signed a 15-year agreement to buy carbon dioxide from a planned Permian basin coal-fueled power plant at Penwell, Tex., near Odessa.

The sellers of the CO2 are Summit Power Group LLC and Blue Strategies LLC. Summit expects to start construction of the plant by yearend and commence operations in late 2014 or early 2015.

Whiting plans to purchase 80 MMcfd of compressed CO2 during the first 5 years of the plant's operation, which is about 60% of the CO2 that the plant will capture. After 5 years, Whiting will gradually buy less CO2 although it has an option to extend purchases.

In the Permian basin fields, each 6 Mcf of CO2 injected can recover about 1 bbl of oil, according to the companies selling the CO2.

Summit said its Texas Clean Energy Project (TCEP) will be a first-of-its-kind, integrated gasification combined cycle (IGCC) 400 Mw power-polygen plant. It is designed to capture 90% of the CO2, 99% of the sulfur, more than 95% of the mercury, and eliminate more than 90% nitrogen oxides produced by the process.

The plant received a final air quality permit last December.

Summit and Blue Strategies partnered in October 2009 to market TCEP’s 2.5 million tons/year of CO2 to oil producers in the West Texas Permian basin.

The agreement with Whiting is the first of several CO2 off-take agreements with TCEP that the companies expect to sign.

TCEP received a $450 million award in 2010 from the US Department of Energy’s clean coal power initiative.

Whiting operates CO2-EOR floods in Postle field, Texas County, Okla. and in North Ward Estes field, Ward and Winkler Counties, Tex.

Related Articles

Encana to focus spending on four core shale assets in 2015

12/16/2014 Encana Corp., Calgary, reported plans to spend $2.7-2.9 billion on its capital budget with roughly 80% of this total directed towards four of what ...

BHI: US rig count forced down by large losses in Texas

12/12/2014 Forced down by large losses in Texas and specifically the Permian basin, the US drilling rig count plummeted 27 units to settle at 1,893 rigs worki...

More West Texas gathering, processing to come onstream

12/09/2014 EagleClaw Midstream Services LLC, Midland, Tex., has bought natural gas gathering and processing in Reeves County, Tex. The company declined to ide...

ConocoPhillips slashes 2015 capital budget

12/08/2014 ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the hee...

Plains All American to expand Cactus pipeline takeaway capacity

11/25/2014 Plains All American Pipeline LP (PAA) plans to provide additional pumps to increase the takeaway capacity of the Cactus pipeline in response to hig...

Encana completes acquisition of Athlon Energy

11/13/2014 Encana Corp. now holds a premier 140,000 net acre spread in the oil-rich Permian basin after successfully acquiring Fort Worth-based Athlon Energy ...

BHI: US rig count down slightly during October, past week

11/07/2014

The US drilling rig count dropped 4 units to settle at 1,925 rigs working during the week ended Nov. 7, Baker Hughes Inc. reported.

PAA to buy BridgeTex interest from Oxy in $1.075 billion deal

11/06/2014 Plains All American Pipeline LP (PAA) and Plains GP Holdings LP have signed an agreement with Occidental Petroleum Corp. to purchase Oxy’s 50% inte...

Lone Star begins construction on third Mont Belvieu frac unit

11/06/2014 Lone Star NGL LLC, a joint venture of Energy Transfer Partners LP (70%) and Regency Energy Partners LP (30%), both of Dallas, has begun constructio...

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected