EORI CO2 EOR Fact Sheets 2024

CO2– EOR has been an important part of the oil industry for well over 50 years. The firstCO2 flood in Wyoming (1986) continues today at Lost Soldier/Wertz Fields (Baroil). Since 1986 incremental oil production from CO2- EOR is approximately 150 million barrels with severance tax revenue to the State of over $400 million ($50/bbl oil price).

The CO2 used to recover oil is part of a “closed-loop-system”. The CO2 is injected, separated from the produced oil, recycled, and reinjected. Through the life of the project, all CO2 injected (purchased and recycled) is stored in the reservoir.

CO2 is an expensive commodity for EOR with an approximate cost of ~ 2% of oil price (WTI)/MCF. Some floods in Wyoming have purchased well over 200 MMCF/Day - over $300,000/day just for CO2.