Carbon Capture and Sustainable Energy

Stakeholder believes that carbon-based energy will continue to play a vital role in our nation’s and the world’s energy security needs for the short and medium term, but also firmly believes that the oil and gas industry at large has a responsibility to reduce its environmental footprint to the greatest extent possible. One of the key ways the oil and gas industry can accomplish making a meaningful reduction in its environmental footprint is through Carbon Capture and Utilization and Storage (CCUS) .

The Stakeholder team has a long history and deep breadth of experience with CCUS, with key team members having engineered and or operated nine injection wells in Texas and New Mexico. Specifically, Stakeholder currently operates injection wells at its Campo Viejo and 30-30 Treating and Processing Plants that are responsible for the capture and secure geologic storage of approximately 60,000 tons per year of carbon dioxide. This effort is equivalent to eliminating the carbon emissions of 8,000 U.S. households or removing 13,000 vehicles from the road.

In addition to Stakeholder’s current CO2 injection efforts, the team is actively developing opportunities to expand its current carbon capture efforts through innovative projects that both lower Stakeholder’s environmental impact and create value.  Stakeholder’s operational footprint is complemented by existing and newly emerging EOR projects targeting San Andres production, which along with access to robust CO2 pipeline infrastructure, will create unique opportunities for Stakeholder to capitalize on its CO2 capabilities and existing infrastructure.