co2

amazing how far this has been sold down....$30mill market cap less than $1 a barrel....

....... Sempra are planning to extend the co2 pipeline up through the powder river basin, montana and into north dakota, they certainly would not do that if co2 was not available......


From the CO2 whitepaper.....written when oil was at roughly $30-$40

"In addition to the potential CO2 supplies that may come from advanced coal conversion plants, supplies may be available from other areas – especially if commodity prices remain at the levels they are currently at. Specifically, Exxon and other operators have expressed an interest in developing additional and/or accelerating existing reserves in the deeper sour gas trend of SW Wyoming – provided they can find a place to sequester CO2 supplies developed with such reserves.
In the Baxter Basin of SW Wyoming, large potential natural CO2 reserves exist at fairly shallow depths and could be developed to promote enhanced oil recovery within the State of Wyoming and the Rocky Mountain region."

There is plenty of co2 out there, Exxon, Merit, Conoco Chevron, anadarko......a half share in the Muddy would be a net 10mil barrels or about $700mil in revenue....1 of those companies will jump at the opportunity.......
Cheers