| Abstract: | Carbon dioxide (CO2) enhanced oil recovery (EOR) may be the key to recovering hundreds of millions of bbl of trapped oil from the mature fields in central Kansas. Preliminary economic analysis indicates that CO2 EOR should provide an internal rate of return (IRR) greater than 20%, before income tax, assuming oil sells for $20/bbl, CO2 costs $1/Mcf, and gross utilization is 10 Mcf of CO2/bbl of oil recovered. If the CO2 cost is reduced to $0.75/Mcf, an oil price of $17/bbl yields an IRR of 20%. Reservoir and economic modeling indicates that IRR is most sensitive to oil price and CO2 cost. A project requires a minimum recovery of 1,500 net bbl/acre (about 1 million net bbl/1-mile section) under a best-case scenario. Less important variables to the economics are capital costs and non-CO2 related lease operating expenses. |
| Genre: | Article |
| ProdID: | 70023161 |
| Citation Author: | Dubois, M. K.; Byrnes, A. P.; Pancake, R. E.; Willhite, G. P.; Schoeling, L. G. |
| Citation Contributing Office: | |
| Citation Datum: | |
| Citation Day: | |
| Citation Edition: | |
| Citation Editor: | |
| Citation End Page: | 40 |
| Citation Issue: | 23 |
| Citation Keywords: | |
| Citation Language: | English |
| Citation Larger Work Title: | Oil and Gas Journal |
| Citation LatN: | |
| Citation LatS: | |
| Citation LonE: | |
| Citation LonW: | |
| Citation Month: | |
| Citation No Pagination: | |
| Citation Number Of Pages: | 4 |
| Citation Online Only Flag: | |
| Citation Phsyical Description: | |
| Citation Projection: | |
| Citation Public Comments: | |
| Citation Publisher: | |
| Citation Series: | |
| Citation Series Code: | |
| Citation Series Number: | |
| Citation Search Results Text: | Economics show CO2 EOR potential in central Kansas; 2000; Article; Journal; Oil and Gas Journal; Dubois, M. K.; Byrnes, A. P.; Pancake, R. E.; Willhite, G. P.; Schoeling, L. G. |
| Citation Start Page: | 37 |
| Citation Volume: | 98 |
| Citation Year: | 2000 |
| Type: | citation/reference |
| Text: | Economics show CO2 EOR potential in central Kansas; 2000; Article; Journal; Oil and Gas Journal; Dubois, M. K.; Byrnes, A. P.; Pancake, R. E.; Willhite, G. P.; Schoeling, L. G. |
| URL (THUMBNAIL): | http://pubs.er.usgs.gov/thumbnails/outside_thumb.jpg |
| Date Other: | Sat, 1 Jan 2000 00:00 -0600 |
| Publisher: | |
