ExxonMobil to Extract Additional Oil from West Texas Field
ExxonMobil Production Company announced today that drilling and
construction have started on an enhanced oil recovery project at the
Means Field in Andrews County, Texas. The first phase of the project has
the potential to recover as much as five million barrels of additional
oil, an amount equal to the annual energy needs of about 170,000 Texas
households.
Drilling rig on location at ExxonMobil's Means Field, West Texas. The wells will inject carbon dioxide in order to recover five million barrels of additional oil that until recently was technically and economically challenging to produce. (Photo: Business Wire)
ExxonMobil has more than two decades of experience with carbon dioxide
injection for enhanced oil recovery at the Means Field. The new project
will apply technology to produce oil that until recently was technically
and economically challenging to develop. Carbon dioxide injection is
expected to begin before year end 2011. This first phase could lead to
future development phases, which could significantly increase oil
recovery from the field.
'ExxonMobil′s investment in the field is part of an ongoing effort to
find, develop and produce more domestic supplies of oil and gas to meet
the country′s growing energy needs,? said Lyndal Trout, the company′s
senior field superintendent for western Texas.
ExxonMobil discovered the Means Field in the early 1930s. Since then,
the company has produced more than 300 million barrels of oil from the
field.
Over the past three years ExxonMobil′s capital expenditures in Texas has
exceeded $790 million. These investments help create jobs and contribute
to economic growth across the region. They also help maintain Texas′
position as the leading U.S. oil and natural gas producing state.
About ExxonMobil
ExxonMobil,
the largest publicly traded international oil and gas company, uses
technology and innovation to help meet the world′s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is the
largest refiner and marketer of petroleum products, and its chemical
company is one of the largest in the world. For more information, visit www.exxonmobil.com.
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