The Bureau of Land Management plans to amend regulatory requirements for oil and gas operators working on federal and tribal lands in an effort to streamline regulations “to ensure that our oversight of energy production on America’s public lands is consistent and fair,” stated Kate MacGregor, Deputy Secretary of the Interior.
With the goal of spurring additional mineral production and capital investment to recover from economic collapse and energy markets, Wyoming’s legislature advanced a bill that would reduce the state’s mineral tax rate by half for a six month period when oil prices fall below $38 to $45 per barrel and gas prices fall below $2.95 per thousand cubic feet as a 30-day rolling average.
Brown’s analysis models the economics of connecting carbon capture sites across the U.S. with underground storage sites, thus helping to reduce the cost of preventing climate change.
This paper represents the results of modeling efforts to identifying regional scale CO2 transport infrastructure that would serve existing facilities and allow participation by new capture projects and facilities in the near future.
The analysis identifies near-term capture and storage opportunities, then designs and plans the regional transport infrastructure required to maximize CO2 reductions while minimizing cost and land use impacts throughout the Midwest, Rockies, Plains, Gulf Coast, and Texas.
• Well selection is currently underway and will remain open until 15 qualifying wells are selected, or through October, 2021.
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.
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.
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.
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.