PERMIAN BASIN OPERATORS PRESS CO 2 INJECTION PROGRAMS

Guntis Moritis Production Editor The Permian basin of West Texas and Southeast New Mexico is seeing a resurgence of carbon dioxide injection operations in new projects as well as expansions of current ones. The last burst of activity in the mid-1980s tailed off because of low, uncertain crude oil prices. But now, with a period of relatively stable oil prices at $18-20/bbl and a CO 2 price that has fallen to about 60/Mcf from $1/Mcf, operators again are willing to go after sizable oil