The Enhanced Oil Recovery Institute was in the spotlight this week as Camille Erickson from the Casper Star Tribune reported on their presence in the Casper community and the technologies and innovations the group brings to oil producers and the state of Wyoming.
• Well selection is currently underway and will remain open until 15 qualifying wells are selected, or through May 1st, 2020.
Operators are encouraged to submit wells for study consideration as soon as possible, as there is no out-of-pocket cost to the operator/s. Specific criteria and performance of outlined protocol, as well as a contract, are required. Detailed information on the study may be found here.
A recent article published in Bloomberg Tax outlines the difficulties faced by proposed carbon capture projects due to a lack of guidance and clarity from the IRS.
Carbon Capture projects are expensive endeavors; investors are unwilling to back proposed projects until the IRS interprets parts of the new law under tax code Section 45Q, clarifying what structures qualify for enhanced and extended tax credits.
EORI's Technical Outreach Lon Whitman joins EORI's Technical Advisory Board Member Steve Melzer in a testimonial video about the upcoming CO2 conference in Midland, TX on December 9th, 2019.
EORI's Technical Outreach Lon Whitman participated in an informational video about the conference.