Permian CO2 EOR Market Driven by Strong Government Support, to Produce 329,069 Barrels/day by 2019

Transparency Market
Research
CO2 EOR Market - Permian Basin Industry Analysis, Size,
Share, Growth, Trends and Forecast 2013 - 2019
Published Date
01-July-2014
45 Page Report
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Permian Basin CO2 EOR Market is expected to reach 329,069
barrels per day in 2019:Transparency Market Research
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CO2 EOR Market
REPORT DESCRIPTION
CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast
2013 - 2019
Transparency Market Research (www.transparencymarketresearch.com) has released a new market report
titled “CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 2019.” According to the reportThe CO2 EOR market in the Permian Basin accounted for 195,000 barrels per
day in 2012 and is anticipated to reach 329,069 barrels per day in 2019, expanding at a CAGR of 7.0%
from 2013 to 2019.
Browse CO2 EOR Market Report with Full TOC at http://www.transparencymarketresearch.com/co2eor-market.html
CO2 enhanced oil recovery technology has been proved as the most viable and commercially profitable in
the U.S. Permian Basin region based in West Texas has experienced the development and expansion of the
CO2 EOR market with growing number of project with large capacity addition to the existing fields. Permian
Basin is creating the demand for low cost and highly pure CO2 sourced from natural CO2 reservoirs;
however, the trend is expected to change in the near future with emergence of new industrial CO2 capture
and storage projects. Therefore, an extensive CO2 supply pipeline network has been developed in this
region. This extensive network helps to meet the upward CO2 demand from CO2 EOR sub-industry.
Out of all the three major methods of enhanced oil recovery (EOR) namely, thermal, gas/CO2 and
chemical; gas/CO2 method has been growing at a quick pace In the Permian Basin. It utilizes carbon
dioxide as an injectant gas to stimulate the extraction of crude oil. CO2 as an injectant provides numerous
advantages over other EOR techniques as it has neutral behavior and doesn’t affect the chemical
composition and quality of crude oil. Thus, development of large CO2 stations in the Permian Basin region
has been driven by the EOR demand; however, being driven by the CO2 EOR market, the Permian Basin
CO market is now driving the growth of the CO2 EOR.
Strong supportive regulatory framework in the Permian Basin CO2 EOR market is also drives the
development of CO2 supply sources and thus the CO2 EOR market in the Permian Basin. The state and
local government norms not only provide tax concession but also provide some incentives for carbon
capture and storage. Permian Basin CO2 EOR market has dominated the global CO2 EOR market in terms
of oil production as well as number of projects. There is presence of over 127 CO2 EOR projects which
accounts for more than half of the global CO2 EOR market.
Permian Basin’s high amount of oil in place creates a huge opportunity for the upcoming EOR projects.
Major players or operators in the Permian Basin are involved in the development strategies such as
acquisition in order to penetrate the market and expand the production capacities. Major operators
involved in the production of oil from the Permian Basin CO2 EOR fields are Chevron Corporation,
ConocoPhillips Co., ExxonMobil Corporation, Hess Corporation, Kinder Morgan, Inc., Occidental Petroleum
Corporation and Whiting Petroleum Corporation.
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CO2 EOR Market
Permian Basin CO2 EOR Market: Revenue Analysis
•
For Favorable Market Conditions
•
For Unfavorable Market Conditions
Permian Basin CO2 EOR Market: Region Covered
•
Permian Basin, West Texas
Permian Basin CO2 EOR Market: CO Supply Analysis
•
CO2 Supply Status in the Permian Basin, West Texas in Terms of Volume
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology
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CO2 EOR Market
Chapter 2 Executive Summary
Chapter 3 Permian Basin CO2 EOR Market – Industry Analysis
3.1 Introduction
3.2 Market Drivers
3.2.1 Government Support
3.2.2 Abundant CO2 supply network in Permian Basin lowers down the CO2 EOR cost
3.3 Opportunity
3.3.1 High amount of oil in place
3.4 Value Chain Analysis
3.5 Porter’s Five Forces Analysis of Permian Basin CO2 EOR Market
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat from Substitutes
3.5.4 Threat of New Entrants
3.5.5 Degree of Competition
3.6 Competitive Landscape Analysis
3.6.1 Company market share of the CO2 EOR operators in the Permian Basin, (% volume basis),
(Barrels Per Day), (2012)
Chapter 4 Permian Basin CO2 EOR Market & Major Projects
4.1 Overview
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CO2 EOR Market
4.1.1 Permian Basin EOR Market, Volume & Revenue, 2012 – 2019 (Barrels Per Day) (USD Billion)
4.1.2 Active projects with more than 10 CO2 injection wells
Chapter 5 Permian Basin CO2 EOR Market – CO2 Supply Status
5.1 Overview
5.1.1 Industrial CO2
5.1.2 Natural CO2
5.2 CO supply (Industrial & Natural) to the Permian Basin CO2 EOR fields, (BCF Per Day), (2012 – 2019)
5.3 Permian Basin CO2 EOR Market CO2 Supply Share, by Source, 2012
Chapter 6 Company Profiles
6.1 Chevron Corporation
6.1.1 Company overview
6.1.2 Financial overview
6.1.3 Business strategy
6.1.4 SWOT analysis
6.1.5 Recent developments
6.2 ConocoPhillips Co.
6.2.1 Company overview
6.2.2 Financial overview
6.2.3 Business strategy
6.2.4 SWOT analysis
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CO2 EOR Market
6.2.5 Recent developments
6.3 ExxonMobil Corporation
6.3.1 Company overview
6.3.2 Financial overview
6.3.3 Business strategy
6.3.4 SWOT analysis
6.3.5 Recent developments
6.4 Hess Corporation
6.4.1 Company overview
6.4.2 Financial overview
6.4.3 Business strategy
6.4.4 SWOT analysis
6.4.5 Recent developments
6.5 Kinder Morgan, Inc.
6.5.1 Company Overview
6.5.2 Financial Overview
6.5.3 Business Strategy
6.5.4 SWOT Analysis
6.5.5 Recent Developments
6.6 Occidental Petroleum Corporation
6.6.1 Company overview
6.6.2 Financial overview
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CO2 EOR Market
6.6.3 Business strategy
6.6.4 SWOT analysis
6.6.5 Recent developments
6.7 Whiting Petroleum Corporation
6.7.1 Company overview
6.7.2 Financial overview
6.7.3 Business strategy
6.7.4 SWOT analysis
6.7.5 Recent developments
Browse CO2 EOR Market Report with Full TOC at http://www.transparencymarketresearch.com/co2eor-market.html
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CO2 EOR Market
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Leading market intelligence firm Transparency Market Research (TMR) has announced the release of a new market research study. The new report studies the utilization of the global CO2 enhanced oil recovery (EOR) market technology in the Permian Basin in West Texas. The report is titled ‘CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019’ and is available on the company’s website for sale. Complete CO2 EOR Market Report with TOC : http://www.transparencymarketresearch.com/co2-eor-market.html Carbon dioxide, or CO2, can be used to boost the production of oil and gas from a fossil fuel reservoir. The injection of CO2 helps decrease the viscosity of the oil present in the reservoir, which allows it to mix more easily with water. Since crude oil is naturally immiscible in water, this step is crucial in ensuring maximum extraction. This method is one of many methods used for enhanced oil recovery. However, CO2 injection is cheaper than other EOR methods and the relatively low reactivity of carbon dioxide with crude oil components results in the availability of crude oil with minimal impurities, a rarity with other EOR methods. This has propelled the CO2 EOR market, with EOR operations in the Permian Basin taking up a major share in the global market.

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