- Associated Press - Thursday, September 24, 2015

RIVERTON, Wyo. (AP) - Gov. Matt Mead and Devon Energy executives have dedicated a $100 million carbon dioxide injection facility in Fremont County.

The facility uses CO2 to recover oil that could not be recovered from underground by conventional drilling.

The Casper Star-Tribune reports (https://bit.ly/1gSrRyh ) that the company plans to operate the facility in the Big Sand Draw for at least for 20 years.

Devon senior superintendent Bill Skelton says oil prices may be low now but they are cyclical and can be expected to rebound.

The Oklahoma City-based company has estimated total production at 27 million barrels of oil over the life of the project. It also will generate at least $225 million in taxes for the state and local governments over that time.



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Information from: Casper (Wyo.) Star-Tribune, https://www.trib.com

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