![]() The McElmo Dome has been in production since 1983. “Kinder Morgan CO₂ is capable of producing and transporting approximately 1.5 billion cubic feet per day of CO₂, making us the largest transporter of CO₂ in North America,” the website states. Using enhanced oil recovery technology, Kinder Morgan says it can produce more than 50,000 barrels of oil per day from its Texas oil fields.Īccording to its website, the 203,000-acre McElmo Dome in Montezuma County is one of the largest known pure CO₂ source fields in the world, with over about 5 trillion cubic feet of recoverable CO₂ to be produced. “In the short run, supply disruptions associated with the Ukrainian conflict will impact commodity prices, resulting in higher activity and increased demand for both products,” he said. The Russian invasion of Ukraine also will affect the oil market, Arenivas said. “As commodity prices improve, we are experiencing increased demand for CO₂.” “The lack of investment resulted in lower demand for Southwest Colorado produced CO₂,” Arenivas said. Low demand for oil during the pandemic and pressure to transition to renewable energy sources impacted investment in the fossil fuel market in 20. The growing trend toward alternative energy also is hurting the industry, analysts say. The oil and gas industry’s cycle of boom and bust cycle is an ongoing challenge for communities that rely on it. With a sales tax, tourists “who use our roads and emergency services” would help cover increasing costs, Powers said. The county does not have a sales tax, and is considering asking the voters to approve a small one to stabilize the budget against downturns. The county is hiring an economic development director for that purpose.Ī CO₂ pipeline connects to Kinder Morgan compression facility about 25 miles north of Cortez. We need to think about down the road, diversify the economy and revenue sources now so we can keep the same level of services into the future,” he said. No cuts in county services were required this year, thanks to the federal recovery funds, he said, but longterm, the county is thinking about ways to replace Kinder Morgan tax revenues. Powers said the $2 million budget shortfall from the drop in Kinder Morgan production was covered by pandemic recovery funds from the federal American Rescue Plan and the state. 9 email to county officials, Kinder Morgan reported that no new wells were planned for 2022 in Montezuma County, and one well on Canyons of the Ancients National Monument would be plugged and abandoned.ĭemand for CO₂ has risen along with increased oil prices, according to the email however, production is 20% to 25% below prepandemic levels. Details: Frankiana, 317-8037 or Imo Succo, (970) 564-3301.A Kinder Morgan drill rig near Pleasant View goes up amid farmland. Join our Talking Circles in person and online: /j/94721296364. A program for high school students to learn about finances. Montezuma County High School Library, 418 S. ![]() Attendees should be vaccinated and/or masked. Montezuma Valley Presbyterian Church, 350 S. For cellphone tech help at the Cortez Library schedule your time by contacting Heather Roe: (970) 568-5380.īridge, 1:30-4 p.m. For pre-K and younger.Ĭellphone/Tablet Tech Help, 10-11 a.m. Paint, share ideas, give demos and give unsolicited advice. Bringing the community together for an evening of music, relaxation, and laughter. Join us for a great time to support this incredible community outreach! Details: (970) 565-3002 Silent and dessert auction, live music by Zeke Isaacs and friends. Donations! A fundraiser for Hope's Kitchen Free Meal Program, chili, soup and cornbread will be served. ![]() For children ages 4 to 12, accompanied by an adult or older teen. Kids Christmas Tree Craft Workshop w/ Leigh, 1 p.m. Two-day workshop, 10 students max includes all materials, instruction, drink and snacks. Weaving Baskets with Mimi Bonkowske, 10 a.m. KRTZ will be gathering food to stuff the bus and cash donations for the Good Samaritan Center, a nonprofit food pantry in Cortez that “prioritizes variety, choice, and culturally-important food in a market-style environment.” Details: ![]()
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