EOR Economic Analysis - Midwestern Governors Association

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MGA region has large oil resources Source: Natcarb, KGS, ISGS, MIDEQ , OHDNR,CCI Michigan Basin Mid-Continent (Kansas) Illinois Basin Appalachian Basin (Ohio) 20 CO2-<strong>EOR</strong> Potential in MGA Region – February 2012
Thousand Barrels per Day Regional crude production has been in long decline Regional production is small State Cumulative Production (billion bbls) (1) mb/d (2)(3) IL 3.6 25 IN 0.5 5 KS 6.2 111 MI 1.2 18 250 200 Production history (mb/d) of last 30 years Kansas: 207 mb/d Historical peaks significantly higher than peaks noted OH 1.1* 16 Total 12.6 175 150 Illinois TX 1169 US TOTAL 5474 Michigan: 89 mb/d Indiana Kansas (1) O&GJ (2003) (2) EIA 2010 (3) mb/d = thousands of barrels per day * No secondary recovery taking place 100 Illinois:79 mb/d Michigan Ohio 50 Ohio: 42 mb/d Indiana:15 mb/d 0 1980 1985 1990 1995 2000 2005 2010 Year Source: EIA 2010 21 CO2-<strong>EOR</strong> Potential in MGA Region – February 2012
Page 1 and 2: CO2-EOR POTENTIAL IN THE MGA REGION
Page 3 and 4: EXECUTIVE SUMMARY 3 CO2-EOR Potenti
Page 5 and 6: CO2-EOR could be commercially viabl
Page 7 and 8: Ohio’s large resource potential c
Page 9 and 10: APPROACH & ASSUMPTIONS 9 CO2-EOR Po
Page 11 and 12: Reference case assumes US EIA 2011
Page 13 and 14: Midwest is rich in ethanol based CO
Page 15 and 16: Initial capital costs are significa
Page 17 and 18: Pipeline costs are a small componen
Page 19: Summary • MGA region has large oi
Page 23 and 24: …with an abundance of stationary
Page 25 and 26: Oil and gas basins were screened fo
Page 27 and 28: MICHIGAN 27 CO2-EOR Potential in MG
Page 29 and 30: Michigan state overview CO2 Emissio
Page 31 and 32: The area is attractive for CO2-EOR
Page 33 and 34: Eastern Leg: Kalkaska & Otsego Coun
Page 35 and 36: State could benefit through additio
Page 37 and 38: Next Steps • Given relatively sma
Page 39 and 40: Illinois/Indiana area is likely to
Page 41 and 42: Illinois, Indiana and Iowa have an
Page 43 and 44: Representative field economics sugg
Page 45 and 46: Smaller fields could benefit from d
Page 47 and 48: Next Steps • Utilize data from sm
Page 49 and 50: Ohio’s large resource potential c
Page 51 and 52: East Canton economics suggest great
Page 53 and 54: State economy would benefit from ad
Page 55 and 56: KANSAS 55 CO2-EOR Potential in MGA
Page 57 and 58: Kansas state overview CO2 Emissions
Page 59 and 60: State has access to high volume of
Page 61 and 62: Our financial modeling suggests pos
Page 63 and 64: Next Steps • More characterizatio
Page 65 and 66: Abbreviations, acronyms and units o
Page 67 and 68: Abbreviations, acronyms and units o
Page 69: 69 CO2-EOR Potential in MGA Region

EOR Economic Analysis - Midwestern Governors Association

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