Kinder Morgan CO2 is the largest transporter of carbon dioxide in North America. We transport approximately 1.3 billion cubic feet per day of CO2 from our source fields in southwest Colorado to New Mexico and West Texas for use in enhanced oil recovery (EOR) projects. The CO2 helps unlock and recover crude oil from mature oil fields and residual oil zones. We use a good portion of this CO2 in our own EOR projects, and we sell CO2 to third-party customers.
On the production side, we produce approximately 55,000 barrels of oil per day, much of which comes from our large SACROC Unit in the Permian Basin of West Texas. We use a long-term hedging strategy to mitigate risk and generate more stable prices from our oil production.