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The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers

Publication ,  Journal Article
Eccles, JK; Pratson, L; Newell, RG; Jackson, RB
Published in: Energy Economics
September 1, 2012

While numerous studies find that deep-saline sandstone aquifers in the United States could store many decades worth of the nation's current annual CO 2 emissions, the likely cost of this storage (i.e. the cost of storage only and not capture and transport costs) has been harder to constrain. We use publicly available data of key reservoir properties to produce geo-referenced rasters of estimated storage capacity and cost for regions within 15 deep-saline sandstone aquifers in the United States. The rasters reveal the reservoir quality of these aquifers to be so variable that the cost estimates for storage span three orders of magnitude and average>$100/tonne CO 2. However, when the cost and corresponding capacity estimates in the rasters are assembled into a marginal abatement cost curve (MACC), we find that ~75% of the estimated storage capacity could be available for<$2/tonne. Furthermore, ~80% of the total estimated storage capacity in the rasters is concentrated within just two of the aquifers-the Frio Formation along the Texas Gulf Coast, and the Mt. Simon Formation in the Michigan Basin, which together make up only ~20% of the areas analyzed. While our assessment is not comprehensive, the results suggest there should be an abundance of low-cost storage for CO 2 in deep-saline aquifers, but a majority of this storage is likely to be concentrated within specific regions of a smaller number of these aquifers. © 2011 Elsevier B.V.

Duke Scholars

Published In

Energy Economics

DOI

ISSN

0140-9883

Publication Date

September 1, 2012

Volume

34

Issue

5

Start / End Page

1569 / 1579

Related Subject Headings

  • Energy
  • 3802 Econometrics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1402 Applied Economics
  • 0913 Mechanical Engineering
  • 0906 Electrical and Electronic Engineering
 

Citation

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Eccles, J. K., Pratson, L., Newell, R. G., & Jackson, R. B. (2012). The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers. Energy Economics, 34(5), 1569–1579. https://doi.org/10.1016/j.eneco.2011.11.015
Eccles, J. K., L. Pratson, R. G. Newell, and R. B. Jackson. “The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers.” Energy Economics 34, no. 5 (September 1, 2012): 1569–79. https://doi.org/10.1016/j.eneco.2011.11.015.
Eccles JK, Pratson L, Newell RG, Jackson RB. The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers. Energy Economics. 2012 Sep 1;34(5):1569–79.
Eccles, J. K., et al. “The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers.” Energy Economics, vol. 34, no. 5, Sept. 2012, pp. 1569–79. Scopus, doi:10.1016/j.eneco.2011.11.015.
Eccles JK, Pratson L, Newell RG, Jackson RB. The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers. Energy Economics. 2012 Sep 1;34(5):1569–1579.
Journal cover image

Published In

Energy Economics

DOI

ISSN

0140-9883

Publication Date

September 1, 2012

Volume

34

Issue

5

Start / End Page

1569 / 1579

Related Subject Headings

  • Energy
  • 3802 Econometrics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1402 Applied Economics
  • 0913 Mechanical Engineering
  • 0906 Electrical and Electronic Engineering