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EORI’s Director Dr. Steven M. Carpenter presents for Petrolern

The Cowboy Unicorn, hosted by Petrolern’s At-home Seminar Series (PASS) on May 22, 2020 at 12:00 pm EDT.

The Enhanced Oil Recovery Institute is pleased to announce Dr. Steven M. Carpenter will be presenting on Wyoming’s CCUS feasible opportunities and will share and relate Wyoming’s unique position and leadership in CCUS research and technology.  Dr. Carpenter is an engaging public speaker and a seasoned executive with 30 years of experience in the international energy and mining industry. He is an internationally recognized Subject Matter Expert on Enhanced Oil Recovery (EOR), climate change, carbon, and risk management issues.  His work includes technical assessment, public policy, legal and regulatory issues, training and education.

Northern Denver-Julesburg Basin Production Trends

The Enhanced Oil Recovery Institute (EORI), University of Wyoming, in Casper, Wyoming has published a study highlighting the best practices for drilling the Codell and Niobrara formations of the northern Denver-Julesburg (DJ) Basin in southeastern Wyoming.

This work details how best practices were obtained through optimized design and yielded better overall economics when modeled. 

The Enhanced Oil Recovery Institute’s Jessica L. Barhaug, Senior Engineer, and Stephen T. Whitaker, Technical Director and Senior Petroleum Geologist, are the authors of the paper, entitled “Northern Denver-Julesburg Basin Production Trends – A Multivariate Approach" published online April of 2020 on EORI’s website under the Projects tab.  Barhaug and Whitaker initiated the study to determine the ideal drilling and completion program for a targeted reservoir and evaluate the economic results.  The authors compared the current drilling and completion practices to analyze the main drivers behind cumulative oil production at different time intervals while simultaneously considering the economics that are influencing the decision makers.

Federal Reserve Board’s Lending Program Could Help Wyoming Oil and Gas

Casper Star Tribune - May 4, 2020

The Federal Reserve is expanding the scope and eligibility of its Main Street Lending Program to provide access to financial relief for small and mid-size companies with fewer than 15,000 employees or less than $5 billion in annual revenue.  The new guidelines will provide relief to the Wyoming oil and gas operators that were not eligible under the Payroll Protection Program.

Wyoming Energy Authority Hiring

Wyoming Energy Authority – Open through May 18, 2020 or until filled

The Wyoming Energy Authority is a combination of multiple state agencies interacting with and advocating for the state’s energy industry and will operate as a service to state and stakeholders to improve the state’s energy program.

Wyoming Pipeline Corridor Initiative Supports Carbon Capture

The Bureau of Land Management’s (BLM) Draft Environmental Impact Statement (DEIS) for the Wyoming Pipeline Corridor Initiative (WPCI) was released on April 17, 2020 and announces a 90-day public comment period ending on July 16, 2020.

The State of Wyoming proposes to designate a statewide pipeline corridor network for future pipeline development associated with carbon capture, utilization, and storage (CCUS) as well as associated enhanced oil recovery (CO2-EOR) facilities across private, state and BLM-managed lands.

Wyoming Pipeline Corridor Initiative Could Save Wildlife

Bloomberg Law – April 16, 2020

The Bloomberg Law publication announced the Bureau of Land Management (BLM) has released the Draft Environmental Impact statement (DEIS) for the Wyoming Pipeline Corridor Initiative (WPCI) and is now open for public comments through July 16, 2020.

Mitigating the Potential Impact of COVID-19 and a Crude Oil Price Collapse on Wyoming’s Energy-Centric Economy Through Actionable Investment Strategies Available to the State

Open Water Capital Partners has published a study entitled Mitigating the Potential Impact of COVID-19 and a Crude Oil Price Collapse on Wyoming’s Energy-Centric Economy Through Actionable Investment Strategies Available to the State. 

In their study, Open Water Capital Partners highlights solutions to mitigate the long-term effects of a sustained downturn in coal, oil and natural gas and introduces strategies to limit the downturn’s impact while supporting Wyoming’s energy industry.

Open Water Capital Partners introduce strategies to curtail this impact to Wyoming’s economy with a three-pronged approach providing “immediate financial relief to operators, access to longer term liquidity amidst the volatility, and establishes a platform to more broadly diversify state revenue streams. This paper advocates the use of existing legislative authority to prosecute the following three programs:

EORI's Solutions to Governor Gordon for the Survival of Wyoming’s Oil and Gas Industry

The Enhanced Oil Recovery Institute (EORI) offers proactive solutions to Governor Gordon for the survival of Wyoming’s Oil and Gas Industry during this downturn.

The Institute predicts unconventional drilling will become less important while improved and enhanced recovery methods in conventional reservoirs will be of critical importance to Wyoming’s oil and gas sector due to expected oil prices. The Institute offers immediate changes be considered to the Wyoming Oil and Gas Conservation Commission (WOGCC) policies regarding the approval of idle well bonds to initiate construction.