A Kinder Morgan representative told the Arizona Oil & Gas Conservation Commission on Friday that the company is on track to complete their current evaluation drilling in the St. John's, Arizona carbon dioxide and helium filed [right, credit, Kinder Morgan] by year's end. Then they anticipate filing permits for 14 additional wells.
Kinder Morgan propose a roughly $1 billion investment in the field, with three-quarters of it for drilling and field development and one-quarter for a pipeline to move the CO2 to an existing pipeline in New Mexico that moves CO2 east to oilfields for enhanced oil recovery.
The Oil & Gas Commission was holding their regular quarterly meeting in Phoenix.
Next week 27th February to 5th March 2017
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