The National Enhanced Oil Recovery Initiative (NEORI) applauds the launch of the Congressional Carbon Dioxide Enhanced Oil Recovery (CO2-EOR) Caucus in the U.S. House of Representatives.

Reps. Michael Conaway (R-TX), Gregg Harper (R-MS), and Marc Veasey (D-TX) will serve as Caucus co-chairs and released the following joint press statement announcing the formation of the Caucus:

U.S. REPS. CONAWAY, VEASEY, AND HARPER FORM CONGRESSIONAL CARBON DIOXIDE ENHANCED OIL RECOVERY (CO2-EOR) CAUCUS

WASHINGTON, DC – On Tuesday, March 17, 2015, U.S. Representatives Michael Conaway (R-Texas), Marc Veasey (D-Texas), and Gregg Harper (R-Miss.) will host a launch event for the newly formed Congressional Carbon Dioxide Enhanced Oil Recovery (CO2-EOR) Caucus. The CO2-EOR Caucus will serve as an informal group of Members dedicated to educating Congressional Members and Staff on the economic and environmental benefits of enhanced oil recovery from carbon dioxide. Reps. Conaway, Veasey, and Harper will be the acting Co-chairmen for the CO2-EOR Caucus for the 114th Congress. The March 17th event will feature energy and environment experts who will provide an overview of the process and benefits of CO2-EOR.

Congressmen Conaway, Veasey, and Harper issued the following statements ahead of the formal launch of the new caucus:

Rep. Conaway: “Our nation is blessed with an abundance of both natural resources and innovative minds. Energy companies in West Texas have been using the CO2-EOR process for quite some time now, but it is still a relatively little known technique for oil recovery. I’m glad to be working alongside Congressmen Harper and Veasey to help our colleagues in Washington understand the vast benefits of the carbon dioxide enhanced oil recovery process.”

Rep. Veasey: As a problem solver, Congressman Marc Veasey, is constantly looking for ways that members of Congress from across the aisle can form sound policy solutions for satisfying our domestic energy needs while being stewards of our natural environment. “Our energy future is not controlled by Congress, but Congress can help enact policies that further economic growth, allow for sustainable energy production practices, and provide a cleaner environment for all of us to share. While my home state of Texas is the top oil and gas producing state in our nation, it also produces a variety of renewable energy sources. CO2-EOR can be a part of the solution. It is a win-win solution to reduce carbon dioxide emissions and increase energy independence here at home.” Rep.

Rep. Harper: “I became interested in the CO2-EOR process after meeting with constituents who use enhanced oil recovery to extract oil from fields that were once thought to be depleted. At a time when the United States is experiencing an energy renaissance, I believe Members of Congress will benefit by gaining a better understanding of the CO2-EOR process. I appreciate Congressmen Veasey and Conaway for their help in forming this Caucus so that we can serve as a resource on this issue.”

 

 

 

{ 0 comments }

NEORI Welcomes Proposed CCUS Tax Credits in President’s Budget

February 12, 2015

The National Enhanced Oil Recovery Initiative (NEORI) applauds the inclusion of significant new and more workable federal tax credits for carbon capture utilization and storage (CCUS) in President Obama’s FY 2016 budget. NEORI supports policies that would meaningfully lower the economic barriers to utilizing carbon dioxide in enhanced oil recovery (CO2-EOR), an energy, economic, and […]

Read the full article →

NEORI Calls for Continued Efforts to Advance CO2-EOR in the New Congress

January 13, 2015

The industry, labor, environmental, and state representatives of the National Enhanced Oil Recovery Initiative (NEORI) urge President Obama and Congressional leaders to support efforts to provide financial incentives to capture carbon dioxide from power plants and industrial facilities for use and safe storage through enhanced oil recovery (CO2-EOR). Following the introduction of legislation adopting its consensus recommendations in […]

Read the full article →

NEORI Hosts Capitol Hill Briefing: An Energy, Economic, and Environmental Solution for Our Nation

June 23, 2014

On June 26th, 2014, the National Enhanced Oil Recovery Initiative (NEORI) hosted a briefing on Capitol Hill entitled An Energy, Economic, and Environmental Solution for Our Nation: Using Captured Carbon Dioxide for Enhanced Oil Recovery. NEORI brings together industry, labor and environmental advocates, and state officials to foster increased domestic oil production through the capture, use and storage of […]

Read the full article →

Press Release: Coalition Welcomes Bill to Encourage U.S. Oil Production Using CO2

May 5, 2014

  Press Release May 5, 2014 Contact: Laura Rehrmann, C2ES, 703-516-0621, rehrmannl@c2es.org Brad Crabtree, GPI, 701-647-2041, bcrabtree@gpisd.net Coalition Welcomes Bill to Encourage US Oil Production Using Captured CO2 Tax incentive could spur additional 8 billion barrels of US oil production while safely storing 4 billion tons of CO2 WASHINGTON – The expansion and reform of an existing […]

Read the full article →

Questions & Answers on the Expanding Carbon Capture through Enhanced Oil Recovery Act of 2014

May 5, 2014

• Why is the Rockefeller bill needed? The Expanding Carbon Capture through Enhanced Oil Recovery Act of 2014 will greatly expand enhanced oil recovery using man-made carbon dioxide in the United States. A decades-old, proven commercial practice, carbon dioxide enhanced oil recovery (CO2-EOR) involves injecting CO2 into already developed oil fields to enhance production. CO2-EOR […]

Read the full article →

Statements of Support for CO2-EOR Legislation

May 5, 2014

Statements on the Expanding Carbon Capture through Enhanced Oil Recovery Act of 2014: “We commend Senator Rockefeller for his ongoing efforts to drive progress in advanced and near-zero-emission coal technologies.  Coal is an essential American resource – affordable, reliable and abundant.  With this bill, the Senator is seeking to establish a pathway to a better energy […]

Read the full article →

5 Things to Know About CO2-EOR

May 5, 2014

1. CO2-EOR substantially increases domestic energy reserves. CO2-EOR accounts more than 300,000 barrels of oil production per day, or around 5 percent of annual U.S. oil production, and the industry could grow considerably in the near-term. According to the National Energy Technology Laboratory, between 21 and 63 billion barrels of oil could be “economically-recovered” using […]

Read the full article →

Testimony on the benefits of CO2-EOR before House Subcommittee on Energy

July 25, 2013

On July 25, 2013, Judi Greenwald, Vice President for Technology and Innovation for the Center for Climate and Energy Solutions, testified on the benefits of CO2-EOR before the Subcommittee on Energy of the U.S. House of Representatives’ Committee on Science, Space, and Technology. Ms. Greenwald testified during the Subcommittee on Energy’s hearing entitled The Future […]

Read the full article →

Blog: Capturing CO2 from industrial sources for use in EOR is happening now, but more needs to be done

July 23, 2013

In announcing his climate action plan, President Obama highlighted a vital technology for reducing emissions: carbon capture and storage. I recently had the opportunity to tour a first-of-its-kind CCS operation at an Air Products plant in Port Arthur, Texas. Air Products has integrated state-of-the-art CO2 capture technology into an existing hydrogen plant. Despite being the most abundant element in […]

Read the full article →