NYSE:DNR $ 4.50 +0.02 +0.45% Volume: 7,256,973 August 17, 2018
co2-sources-and-pipelines

Naturally Occurring CO2 Sources

LaBarge Field. We acquired an overriding royalty interest equivalent to an approximate one-third ownership interest in ExxonMobil’s CO2 reserves in LaBarge Field in the fourth quarter of 2012 as part of a sale and exchange transaction with ExxonMobil. LaBarge Field is located in southwestern Wyoming. During 2017, we received an average of approximately 73 MMcf/d of CO2 from ExxonMobil’s Shute Creek gas processing plant at LaBarge Field. Based on current capacity, and subject to availability of CO2, we currently expect that we could receive up to 115 MMcf/d of CO2 by 2021 from such plant. We pay ExxonMobil a fee to process and deliver the CO2, which we use in our Rocky Mountain region CO2 floods. As of December 31, 2017, our interest in LaBarge Field consisted of approximately 1.2 Tcf of proved CO2 reserves.

CO2 Captured from Industrial Sources

We began purchasing and receiving CO2 from the ConocoPhillips-operated Lost Cabin gas plant in central Wyoming in the first quarter of 2013, under a contract that provides us as much as 50 MMcf/d of CO2 for use in our Rocky Mountain region CO2 floods.

4.50 +0.02 +0.45% Volume: 7,256,973 08/17/18
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