NEW YORK (AP) -- Exxon Mobil Corp. said Friday it spent $86 million to expand a carbon-capture plant in Wyoming.
The plant, near LaBarge, Wyo., separates carbon dioxide from natural gas as part of production operations in the state. The expansion, which was completed Nov. 30, allows the plant to capture 365 million cubic feet per day of carbon dioxide.
Natural gas producers typically release the carbon dioxide into the atmosphere. But the LaBarge plant takes the carbon dioxide and sells it back to oil companies, which then pump it back into aging fields in a process that boosts oil production.