Field pilot projects under the Wyoming Gas Injection
Initiative will extend the life of oilfields and recover more oil
with fewer resources
MIDLAND,
Mich., May 16, 2024 /PRNewswire/ -- In a unique
state-university-industry collaboration, Dow (NYSE: DOW), the
State of Wyoming and the
University of Wyoming have come
together to launch The Wyoming Gas Injection Initiative (WGII), a
program designed to enhance oil well productivity and recovery from
existing fields and wells in Wyoming.
WGII will provide field pilot testing of advanced oil recovery
methods, such as foam-assisted gas injection using recovered
hydrocarbon gases, carbon dioxide or other gases for revitalization
of oil fields, as well as mitigation of greenhouse gas emissions by
operations in Wyoming. The
State of Wyoming will provide
$25 million in matching funds through
the University of Wyoming to assist the
oil and gas operators selected for the project – including, Ballard
Petroleum Holdings, Devon Energy Corp. and Occidental – on enhanced
recovery projects over a five-year period. Private operators
selected for WGII contribute $25
million to the pilot, matched by $25
million from the state. As part of these projects, Dow and
the Center of Innovation for Flow Through Porous Media (COIFPM) at
the University of Wyoming, along with
the oil and gas operators, will implement technologies to catalyze
the beneficial use of greenhouse gases for carbon sequestration and
oil recovery.
"The Wyoming Gas Injection Initiative is a powerful example of
the possibilities that can be brought to life through collaboration
with like-minded organizations, in this case meeting the world's
growing energy demand with more sustainable technology," said
Pankaj Gupta, business vice
president, Dow Industrial Solutions. "Our team is proud to share
our materials science portfolio and experience to help shape a
future where oil recovery is optimized, resources are conserved,
and greenhouse gas emissions are significantly reduced in
Wyoming and across the globe."
Dow will support the field implementation and the research
activities to be conducted at COIFPM by providing tailored
conformance control agents (foaming additives) and sharing
learnings from previous field pilot projects. Initial research will
develop novel formulations using Dow's ELEVATE™ additives, which
have the potential to increase oil production significantly and
extend the economic life of oil assets. These formulations will
then be further optimized and piloted in several Wyoming-based reservoirs with the selected
oilfield operators to improve the utilization efficiency of gas
injection recovery techniques.
"In Wyoming, our energy strategy is focused on using the full
value of our energy resources and enhanced oil recovery is an
important part of that strategy," said Governor Mark Gordon. "The Wyoming Gas Injection
Initiative will not only help breathe new life into our oilfields,
but also allow us to recover oil more efficiently while supporting
our critical energy and manufacturing industries."
About Dow
Dow (NYSE: DOW) is one of the world's
leading materials science companies, serving customers in
high-growth markets such as packaging, infrastructure, mobility and
consumer applications. Our global breadth, asset integration
and scale, focused innovation, leading business positions and
commitment to sustainability enable us to achieve profitable growth
and help deliver a sustainable future. We operate manufacturing
sites in 31 countries and employ
approximately 35,900 people. Dow delivered sales of
approximately $45 billion in 2023. References to Dow or
the Company mean Dow Inc. and its subsidiaries. Learn more about us
and our ambition to be the most innovative, customer-centric,
inclusive and sustainable materials science company in the world by
visiting www.dow.com.
About The University of
Wyoming
The University of
Wyoming is a public land-grant research university in
Laramie, Wyo., with eight
colleges: Agriculture, Life Sciences and Natural Resources; Arts
and Sciences; Business; Education; Engineering and Physical
Sciences; Health Sciences; Honors; and Law. The university offers
over 200 undergraduate, graduate and certificate programs and is
classified as an R2-Doctoral Universities with High Research
Activity. https://www.uwyo.edu/index.html
For further information, please contact:
Sarah Young
+1 989 638
6871
Syoung3@dow.com
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SOURCE The Dow Chemical Company
