BOC Improves CO2 Availability for Natural Gas Producers.MURRAY HILL Murray Hill may refer to one of the following places:
See: New York Stock Exchange : BOX) a leading supplier of gases and technology solutions to the global oil and gas industries, is increasing the amount of liquid carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. (CO2) available to natural gas producers by adding a new plant in west Texas. The new, 200 ton per day plant, located in McCamey, Texas McCamey is a city in Upton County, Texas, United States. The population was 1,805 at the 2000 census. The city has been declared by the Texas legislature as the "Wind Energy Capital of Texas" because of the many wind farms that have been built in the area. , began operating earlier this month. Natural gas producers use the CO2 to boost production from wells in the south Permian Basin The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas. It reaches from just south of Lubbock, Texas, to just south of Midland & Odessa, extending westward into the southeastern part of the adjacent state of New Mexico. . They inject the CO2 under high pressure into newly drilled and existing wells to fracture formations deep underground and facilitate gas flow from the reserves. The Permian basin is the largest fracturing market in the U.S. "BOC is making this investment so we can better assist our customers in securing steady sources of energy. The additional plant allows us to respond quicker to customer demand, improve customer service and increase supply reliability," said John Miller, national manager, oil field services. Madeline Moore, vice president, sales, western region, said, "BOC has a long history of serving oil field customers. BOC has a strong network of CO2 supply, storage and distribution facilities throughout the U.S., reliably supplying customers with CO2 and nitrogen for their fracturing and enhanced oil recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] operations. We are committed to investing in the infrastructure required to meet our customers' needs as they expand their businesses." "Oil and gas producers look to BOC for its knowledge, skill and experience in delivering reliable engineered solutions for their upstream and downstream needs. BOC's experts have years of industry experience and are focused on designing and delivering solutions that address our customers' productivity, environmental and economic challenges at their facilities around the world," Moore said. The BOC Group (NYSE:BOX), the worldwide industrial gases, vacuum technologies and distribution services company, serves two million customers in more than 50 countries. It employs more than 43,000 people and compiled annual sales above $8.3 billion in 2004. Further information about The BOC Group may be obtained on the Internet at http://www.boc.com. |
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