Point of View: CO2 geological sequestration opens opportunities for Permian basin

01/05/2004
Geological sequestration of carbon dioxide may invigorate petroleum activity in the Permian basin of West Texas and New Mexico, envisions L. Stephen Melzer, a long-time consultant and oil and gas investor in Midland, Tex.The basin encompasses the Railroad Commission of Texas Districts 7C, 8, and 8A and New Mexico counties of Lea, Roosevelt, Eddy, and Chaves.It remains one of most important US oil and gas regions, producing about 900,000 bo/d and 4 bcfd of gas. Output, however, from the basin is down from the highs of 2 million bo/d in 1973 and 9.8 bcfd of gas in 1974.The basin also is the world capital for CO2 injection for enhancing oil recovery. Its extensive pipeline and facility infra...
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