Denbury, an independent energy company with operations and assets focused on Carbon Capture, Use, and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions, and Weyerhaeuser announced on Monday (12-12-22) an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi.
According to the Weyerhaeuser press release, the lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and Copiah Counties in Mississippi. The site is located directly adjacent to Denbury’s NEJD Pipeline in Mississippi, approximately 35 miles south of the company’s Jackson Dome field. Denbury is planning to utilize the site to permanently sequester industrial CO2 in secure geologic formations. Weyerhaeuser will continue to manage the timberland acreage as a sustainable working forest.
Denbury estimates the site will have total sequestration capacity of approximately 275 million metric tons of CO2. The site represents Denbury’s first planned CO2 sequestration location in Mississippi, expanding its storage portfolio that already includes sites along the US Gulf Coast in Alabama, Louisiana, and Texas. Denbury intends to drill a stratigraphic test well on the site in 2023 to support the company’s geologic interpretation and progress Class VI permitting with the EPA.
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