Hydraulic fracturing often brings up large volumes of water that need to be managed. A study led by The University of Texas at Austin has found that in the Permian Basin, a large oil field in Texas and New Mexico, reusing water at other well sites is a viable way to deal with the water that could also reduce potential instances of induced seismicity.(more…)
AUSTIN, Texas — A report from the Massachusetts Institute of Technology (MIT) and The University of Texas at Austin urges the U.S. to accelerate efforts to pursue carbon capture and storage (CCS) in combination with enhanced oil recovery (EOR), a practice that could increase domestic oil production while significantly curbing emissions of carbon dioxide (CO2).
For decades the oil industry has used CO2 to extract oil from mature fields, often relying on purchased CO2 from natural sources. The idea of seeking CO2 from industrial sources, such as coal- and natural gas-fired electricity plants, has gained currency because of public concerns about carbon dioxide emissions.(more…)