Log in to your IBTimes Account

close
ID
Password

SandRidge, Occidental agree to build plant



By AP
30 June 2008 @ 07:48 am EST

OKLAHOMA CITY - Oil and natural gas company SandRidge Energy Inc. said Monday it agreed with Occidental Petroleum Corp. to build and operate a carbon dioxide extraction plant in West Texas.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
SD 12.54 -2.19
OXY 53.88 -4.93

SYMBOL LOOKUP

The plant, in Pecos County, Texas, will include carbon dioxide compression and related transportation pipelines.

Occidental will pay expected project costs of $1.1 billion, and Sandridge will drill, produce and deliver high carbon dioxide gas to the plant.

Carbon dioxide is used in crude oil production.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register



advertisement
More Industries
Alcoa's 3Q profit falls 52 percent
Alcoa Inc., the world's third-largest aluminum producer, on Tuesday reported a 52-percent drop in third quarter profit and said it would conserve cash by...
UAW: health care trust needs automakers' cash
United Auto Workers President Ron Gettelfinger said Tuesday that the union isn't willing to accept more overtures by cash-strapped Detroit automakers to ...
MetLife says will offer 75M shares of common stock
Metlife Inc. said Tuesday it plans to sell 75 million shares of its common stock in a public offering. The insurer said the offering will boost its capit...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

www.DeoGraphics.com
advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives