Ozona Secures 6,000 Acres for Major CO2 Sequestration Expansion in Permian Basin
(P&GJ) — Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian Basin.
This acquisition increases Ozona’s CCS lease position to over 10,000 contiguous acres with estimated pore space capacity of 120 million metric tons. Ozona will start the federal and state permitting process to drill and operate multiple CO2 disposal wells across its acreage position. Each well will have an initial injection rate of 25,000 barrels per day. The target in-service date for Class VI wells will be the first quarter of 2026.
“This acquisition is another key component in our goal to provide comprehensive long-term solutions to capture, transport, and sequester CO2 in the Permian Basin,” Rich Adams, co-CEO and COO of Ozona, said. “Initial anchor customers will include existing natural gas processing plants and oil and gas operators in the region in addition to industrial and power generation under development.”
Related News
Related News
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments