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of the business is currently evaluating or developing over 285,000 acres of deep underground carbon storage space in locations across the United States .
By implementing the highest standards in all areas of carbon management , CapturePoint seeks to exceed all governmental and environmental requirements to protect public health and safety . Believing in transparency and integrity , the business strives to engage with local communities to build partnerships for a better future .
Flagship project
As leading-edge developers of deep underground carbon storage in America , CapturePoint is creating the potential for safe and permanent sequestration for billions of tons of carbon dioxide over the coming decades . From establishing the world ’ s first multi-modal carbon management site in Oklahoma in 2024 to developing one of the newest and largest US deep underground carbon storage hubs in central Louisiana , CapturePoint is truly defining the future of carbon management .
To learn more about the company ’ s evolution and its operations , Energy , Oil & Gas spoke with Tracy Evans , CapturePoint ’ s CEO . “ The business began in 2017 when we acquired seven CO 2
-EOR assets from a company that was transitioning to a pure horizontal drilling operation ,” he began . “ Although we intended to grow the company , in the early days additional assets had to fit the existing business model which was distribution-based .
“ Initially , an outside observer would have seen us as an oil production company ,” Tracy remarked . “ While we were engaged in every aspect of CCUS , we would have been defined by the ‘ U ’ – carbon utilization . As part of our 2017 acquisition , 100 percent of the CO 2 was being provided from industrial sources for use in EOR ( enhanced oil recovery ). CapturePoint owned and operated the full chain of carbon services . We owned and operated the
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