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Rancher Energy is one of our highlighted companies this month. The company is an innovative oil & gas exploration & development company with a targeted strategy to reinvigorate older, historically productive oil fields in the hydrocarbon-rich Rocky Mountain region of the United States. Using CO2 injection coupled with other leading edge hydrocarbon recovery techniques, including 3-D seismic data and directional drilling, Rancher Energy expects to extract proven in-place oil that remains behind in mature fields.
In our client’s news today,
Rancher Energy announced that it chose Trigon EPC and Nicholas Consulting Group to conduct front-end design work on surface facilities and a CO2 pipeline. The project is related to the company’s enhanced oil recovery program in the Powder River Basin.
Trigon EPC, LLC and Nicholas Consulting Group, Inc. (NCG) will execute front-end engineering and design (FEED) studies to construct a CO2 infrastructure and a pipeline which will connect the Company’s fields to a CO2 pipeline operated by Anadarko Petroleum.
The President of Rancher Energy, John Works, stated, “The selections of Trigon and NCG are important milestones in the Company’s plans to use CO2 flooding to develop three fields in the southwest corner of Wyoming’s Powder River Basin — the South Glenrock B, Cole Creek South and Big Muddy fields. Details on routing, timetable and financial arrangements for the pipeline and surface facilities are being planned.”
He continued to say that the addition of the two contractors and the initiation of two FEED studies demonstrate the progress the company is making to establish its goal. Rancher Energy is excited to move forward in this critical part of their business plan.
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