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Regulators and industry ask committee to study CO2 supply, infrastructure and incentives for enhanced oil recovery
Summary
The Wyoming Oil and Gas Conservation Commission, Enhanced Oil Recovery Institute and industry groups urged interim study of CO2 supply, pipelines, incentives and potential severance-tax stimulus to support enhanced oil recovery projects.
Tom Kropatch, supervisor for the Wyoming Oil and Gas Conservation Commission, told the committee the commission supports interim review of enhanced oil recovery (EOR) topics: infrastructure, stimulus for projects and sources of CO2. “If we could get some of these projects going ... it would be a significant increase for the state in production and long-term production,” he said.
Lon Whitman, director of the Enhanced Oil Recovery Institute (EORI), told the committee he supports targeted interim work on CO2 source and supply because several developing projects could substantially drain existing CO2 supplies. Industry representatives and the Petroleum Association suggested considering bonding, pipeline siting and bonding program mechanisms to better facilitate private investment in EOR infrastructure.
Committee members discussed unitization, APD and royalty-rate changes done in recent years and whether a short review of those regulatory changes and how they are working would be timely. No bill was presented at the hearing; members asked for informational briefings and possible legislation if the EOR discussions identify statutory barriers or funding needs.
