DVN $76M Bakken EOR co-invest w/ND $36M fed grant/CO2 recovery boost
Key Questions
What is Devon's involvement in the Bakken EOR project?
Devon committed $76M to a Bakken EOR co-investment. This uses coal-derived CO2 to boost recovery from 10-12% to 25%+.
What funding supports the Bakken EOR initiative?
North Dakota secured a $36M federal grant. Partners include Devon, Continental, Cobra, and Chord.
How does this impact Devon's Williston assets?
It enhances Williston Basin assets post-merger. Track Q2/Q3 production and FCF effects amid Permian focus.
North Dakota $36M fed grant for Bakken EOR using coal CO2 (recovery 10-12% to 25%+); DVN $76M alongside Continental/Cobra/Chord boosts Williston assets post-merger. Track Q2/Q3 prod/FCF impact amid Permian focus/geothermal diversification signals.
Sources (2)
Updated May 13, 2026