North Dakota Launches $157 Million Carbon-Based Enhanced Oil Recovery Project
northdakotamonitor.comNorth Dakota is initiating a $157 million research effort to implement enhanced oil recovery (EOR) in the Bakken shale formation. The project, led by the Energy and Environmental Research Center, focuses on injecting carbon dioxide to repressurize reservoirs and increase oil extraction. The initiative is driven by a combination of federal, state, and private funding, aiming to make CO2 injection economically viable in fractured shale rock. A key motivator is a federal tax credit of $85 per ton of injected carbon dioxide, creating a financial incentive for carbon sequestration tied to production.
