The Future of Enhanced Oil Recovery

Denbury, a small energy resources firm focused on oil and natural gas, sees a bright future in enhanced oil recovery (EOR), a process that pumps CO2 into oil wells to release hard-to-reach oil. EOR has been promoted as a way to simultaneously address climate change and improve recoverable oil reserves. The company surprised many recently after it traded its Bakken Shale assets – some of the most productive in the country – to Exxon Mobil in exchange for $1.6 billion in cash and parts of Exxon Mobil’s Texas and Wyoming stakes. Denbury will instead focus on utilizing EOR in its… [more]