The document discusses carbon dioxide (CO2) enhanced oil recovery (EOR) technology and its potential application in the Permian Basin. It provides background on CO2 flooding techniques and their advantages. It then examines a case study of a CO2 flooding project in the Denver Unit of the Wasson oil field, noting that CO2 injection helped arrest declining oil production. The document estimates that CO2 EOR could potentially recover 100 billion barrels of oil in the US. It also discusses how next-generation CO2 EOR technologies could expand application, utilization of captured CO2, and storage potential to provide economic incentives for carbon capture and storage.