The results of the study indicate there is strong support for gas, oil, renewables, and coal in that order. The public perceives that Wyoming’s energy portfolio will need to evolve and that Wyoming needs to prepare for that change.
A new state-level analysis shows that retrofitting Wyoming’s existing facilities with carbon capture and deploying carbon dioxide (CO2) transport infrastructure can deliver jobs and economic benefits while reducing emissions across industries.
The Great Plains Institute recently commissioned Rhodium Group to conduct an independent, state-by-state analysis exploring the economic benefits of carbon capture deployment opportunities in the US. GPI identified the facilities examined in this analysis as carbon capture retrofit projects with near- to medium-term feasibility.
CO2 transport infrastructure development is a necessary component to meeting U.S. midcentury climate goals and a mechanism for bolstering regional jobs and economies. Seven states – Kansas, Louisiana, Maryland, Montana, Oklahoma, Pennsylvania and Wyoming – have signed a memorandum of understanding (MOU) showcasing their commitment to the development of CO2 transport infrastructure and the establishment of an action plan which provides state and regional policy recommendations to ensure the deployment of CO2 transport infrastructure.
Governor Mark Gordon announced that 292 oil and gas projects will be funded through the Energy Rebound Program, providing thousands of energy industry jobs in Wyoming over the next year.
With the number of qualified applications for the program exceeding the original $15 million allocation, Governor Gordon transferred an additional $15 million in funding to the program for a total of $30 million. The additional CARES Act dollars came from programs with leftover funds that could be repurposed.
Initially designed in California in the 1980s, the Hyperscratcher tool was developed to remove wellbore debris to provide a clear path for production. The tool incorporates multiple cleaning methods including jets for spotting water, acid, or other chemicals and wire brushes for borehole casing cleaning.
The Rocks and Reservoirs Phase 2 program is designed to acquire real world Wyoming reservoir characterization and operating data in partnership with Wyoming Operators. This data will be used by the “Consortium” of Center of Innovation for Flow through Porous Media (COIFPM), the Enhanced Oil Recovery Institute (EORI), the University of Wyoming School of Energy Resources (SER) and the Wyoming Energy Authority (WEA) to further research, engineering and geologic analysis of Wyoming reservoirs and to suggest improved, economic methods for recovering more stranded oil and gas to improve the commercial viability of Wyoming operations, which is at the heart of the Consortium’s mission.
Webinar to be held Thursday, November 19, 2020 at 8:00 am MST
The Wyoming Business Council will start accepting applications at 10 am Mountain Standard Time on Wednesday, Nov. 18th. Applications will be accepted through 10 am on Monday, Nov. 23rd.
Please visit wyomingbusiness.org/ERP to register for webinars and for more information about the program.
The Energy Rebound Program will utilize up to $15 million in CARES Act funding to provide business relief targeted towards drilled, but uncompleted oil and gas wells (DUCs), wells that were unable to be recompleted, and plugging and abandonment (P&A) projects which could not be finished due to the impacts of the COVID-19 pandemic.