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.
I think it's great that they are expanding their field drilling capacity. I think they'll be able to do even more, once the technology gets further refined. It can make a huge difference to have it like that, I feel like.
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