The carbon storage race is underway in East Texas as big oil looks to cash in on climate incentives

REA Response

Empowering industries and the marketplace to accelerate the commercial deployment of carbon capture will reduce emissions and maintain the Lone Star State's position as a global energy leader.

The carbon storage race is underway in East Texas as big oil looks to cash in on climate incentives

The Houston Chronicle, Mar. 10, 2024

Oil rigs are drilling a new type of well in East Texas, where carbon dioxide pipelines, top-tier geology and a slew of industrial emissions are kicking off a race to cash in on climate-change-fueled incentives.

Chevron started drilling test wells last month for its 142,000-acre carbon storage project in Jefferson County and offshore Port Arthur, including what is believed to be the first offshore test well in the U.S. drilled as part of the emerging carbon capture and storage industry.

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