Keep your eyes on the prize ----Re: Occidental CEO eyes EOR, CO2 capture in CO
I don't know, but I like the idea of cycling oil from Oxy's 3000-4000 Colorado wells with co2, to produce perhaps an incremental 25,000 bbl oil each to recover 100 mmbbl of oil, good for about $5 billion in incremental revenue to Oxy, and then packing away about 1-2 BCF of co2 into each well before plugging it, to realize a tax credit of about $5 mm from each well, for a total credit of about $15-$20 Billion.
Add DAC, coupled with Net Power generation, facilitated and made more efficient with DJ BASIN direct heat and you've got a money making ecosystem.
Creating a boost in value for their DJ properties will be great for Colorado.