1Q23 Earnings and Operations Update
Example DEN CO2 Sequestration Site
Industrial
facility
Bulk CO2
pipeline
CO2 injection
well
In-field CO2
LA
injection lines
Com
Monitor well
Sequestration results in 90% less
surface impact than oil & gas operations
O&G/EOR
Example unit area
.
Generic 100 - 200 million metric ton site
• 20-year injection life @ 5 - 10 Mmtpa
•
5-10 injection wells - avg. rate 0.5-1.5 Mmtpa per well
Estimated capital $2-4 per tonne
-
acquisition cost, seismic, wells (injection / monitoring), lateral
pipeline, distribution network, abandonment
Anticipated operating expense $5 - 9 per tonne
surveillance, utilities, repair & maintenance, labor, insurance, pore
space payment
5,000'
Sequestration
zone
12,000'
Note: Schematics are for illustrative purposes. All pipelines will be located underground
Denbury Inc.
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