Page 12 - NorthAmOil Week 29 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

over 95mn barrels of midstream sourcing, “We are excited about the announcement president of carbon solutions, commented:
reuse, gathering and disposal water solutions of BKV taking out XTO Energy in the core of “We are excited to announce this agreement
in multiple Basins to its customers to date in the Barnett. Ever since these guys purchased which expands our Gulf Coast CO2 storage
2022. Devon’s position in 2020, they have been portfolio. We now have multiple sequestration
“Gravity continues to add new organic actively permitting and drilling new wells sites in an area with tremendous existing and
water midstream volumes to our system, every month. We can’t wait to see a lot of future potential CO2 emissions as we strive
and it is nice to see new growth activity with our reserves come to life in the upcoming to provide an economic, low-risk solution for
new and existing customers in the Bakken,” years. There is still a LOT of untapped natural the storage of industrial carbon emissions.
said Rob Rice, Gravity’s president and chief gas waiting to be developed in our entire Our proven track record in providing
executive officer. “The Bakken team has position,” shared Graham. highly reliable transportation and secure
worked hard to provide a reliable pipeline and RISING PHOENIX ROYALTIES, July 21, 2022 underground injection of CO2 emissions
disposal system that our customers can rely from our industrial partners, combined
on to manage their water midstream needs as with our ideally positioned infrastructure,
they focus on their oil and gas production.” ENERGY TRANSITION is unmatched in the industry and positions
GRAVITY, July 21, 2022 us well for continued success and growth in
Denbury expands CO2 CCUS.”

sequestration portfolio
MOVES DENBURY, July 21, 2022
Rising Phoenix Royalties with additional site in Kinder Morgan issues 2021
Environmental, Social and
continues to add to its Louisiana’s Industrial Governance report

16,000 net royalty acre Corridor Kinder Morgan announced today the
Barnett shale position Denbury today announced that it has signed publication of its 2021 Environmental, Social
a definitive agreement with a landowner
and Governance (ESG) report. This report
Rising Phoenix Royalties (RPR) announces near Donaldsonville, Louisiana, to lease is being issued three months earlier than in
a natural gas acquisition from undisclosed approximately 18,000 acres for future prior years to provide stakeholders earlier
sellers in the Barnett shale, Johnson County, CO2 sequestration. The site is located in access to the company’s ESG information.
Texas. The wellsite operator is Fleur de Lis Assumption and St. James Parishes, less The 2021 report includes a new section
Energy (FDL). than five miles from the company’s existing describing KMI’s programmes related to
“We love the Barnett shale; it’s been great CO2 Green Pipeline and in close proximity community engagement on energy and
to us over the years. We have been actively to the Louisiana Industrial Corridor, one environmental justice. It also provides new
aggregating minerals here for over 15 years of the highest geographic concentrations of metrics detailing the amount the company
and see ourselves as an expert in the area. Our industrial CO2 emissions in the United States. pays in property taxes each year and the
sellers felt comfortable with us and we shared Denbury estimates more than 50 million percentage of female and minority employees
our return profile to help them make an metric tons per year of existing stationary who completed leadership training. An
educated decision for their family,” noted Jace CO2 emissions are located within 30 miles of updated scenario analysis, that aligns with
Graham, RPR CEO and founder. the site. the Task Force on Climate-related Financial
“Rising Phoenix and my family have With excellent geologic characteristics, Disclosures guidelines, is now available as
assembled one of the larger mineral positions including thick laterally extensive, low dip well as company-wide Scope 1 and Scope
in the core of the Barnett shale and will reservoirs, the company anticipates the site 2 greenhouse gas (GHG) emissions and
continue to strategically add to this position will have high CO2 injectivity and total emissions intensity. The emissions data
for the foreseeable future,” continued Graham. sequestration capacity of more than 80 million includes both operational control and equity
“We have a long history of working with metric tons of CO2. Denbury estimates first share, two types of reporting boundaries that
owners to provide a quick, quality closing potential CO2 injection for the site as early are used to disclose GHG data.
experience.” as 2025. The addition of this sequestration “We are pleased to be publishing our
FDL, headquartered in Dallas, TX, with site expands the potential volume of CO2 report three months earlier than usual,” said
field operations in Wyoming and Texas, has that the company can sequester near KMI’s Chief Operating Officer James Holland.
an operational footprint in 3 major basins. Donaldsonville, Louisiana, to approximately “Not only were we able to accomplish our
Its diverse world-class asset portfolio deploys 300 million metric tons, and the company’s goal of achieving this earlier publication date,
over $2.1bn in capital. total sequestration site capacity has expanded but we also built on our prior year’s report
RPR is known as the industry leading to approximately 1.5 billion metric tons, by adding new metrics related to KMI’s
expert in the Barnett shale. RPR and its which includes sites along the US Gulf Coast social and environmental initiatives in 2021.
affiliated companies are some of Tarrant in Alabama, Louisiana, and Texas. Denbury This coverage further enhances our report,
County’s largest mineral owners with 16,000 intends to drill a stratigraphic test well in and along with our continued disclosure
net royalty acres in held-by-production (HBP) one or more of its potential storage locations of emissions and emission sources, reflects
units, the majority operated by Total Energy later this year to confirm the company’s Kinder Morgan’s continued commitment to
and XTO Energy (now ExxonMobil). XTO geologic understanding and progress Class VI transparent and responsible operations.”
recently announced a sale of all their Barnett permitting efforts with the EPA. KINDER MORGAN, July 21, 2022
shale assets to BKV, Denver, CO. Nik Wood, Denbury’s senior vice

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