Saturday, April 19, 2014

Kinder Morgan permits 5 wells in St Johns CO2 field

The Arizona Oil & Gas Conservation Commission approved permits (#1189-1193) to Kinder Morgan CO2 Co. for 5 wells to develop the St. John's carbon dioxide field in eastern Arizona.

Kinder Morgan plans on investing $1 billion in the CO2 operation - $700 million for field development and $300 million for a 230 mile pipeline to move the gas to a main pipeline in New Mexico that takes it to the Permian Basin oil fields where it will be used in enhanced oil recovery.

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