Core Energy, LLC is headquartered in Traverse City, Michigan and was founded in 2003 by Robert G. Mannes (3rd generation in the Michigan Oil & Gas Industry).
What we do:
- Conduct Enhanced Oil Recovery (EOR) operations in depleted reservoirs by injecting CO2 into the reservoir.
- Generate exploratory prospects utilizing 3-D seismic technology
- Development Prospects generally operated by regional experts in Michigan.
- Core Energy, LLC dilutes its ownership in prospects via promoted or sold interest to other industry partners to manage Core's exploratory risk.
- All of Core Energy's business activity is located in the State of Michigan.
- Current CO2 EOR operations are in Otsego County.
- Core Energy currently operates the only five fields that have been flooded with CO2 in the State of Michigan.
- Incremental recoveries are promising and demonstrate repeatability.
- Exploration efforts are focused in West Michigan.
- Application of 3,500 miles of 2-D seismic data and 176 miles of 3-D seismic data in West Michigan that has been reprocessed and interpreted using modern technology and techniques.
- A seismic library of this magnitude has never been established for use in West Michigan.
- Use of this data has resulted in the discovery of reefs in 10 of the 13 attempts over a four-year period, or 77% compared to a historical industry average that is closer to 20%.