monroe sequestration partners

Project Monroe represents an opportunity to retire an estimated 20 bcf of natural gas reserves from nearly 5,000 wells representing nearly 2mm tons of CO2e in future emissions and create a carbon storage hub with an estimated capacity of over 260 mm tons of CO2. Independent engineering consultants have stated that this project has the potential to be one of the largest carbon credit generation and sequestration opportunities in the U.S.

The asset to be converted is a large legacy gas field that covers over 425 square miles in surface area. In production since the early 1900s, it has produced over 7 tcf of gas via several thousand wells and has roughly 20 bcf of proven reserves.

Crestmont has entered into an exclusive agreement with the largest owner and operator in this field to scope and implement a strategy to shut in gas production and convert the field into a carbon sequestration reservoir.

Our revenue model generates profits from the sale of voluntary carbon offset credits, fees from accepted C02 to sequester in the converted reservoir, and federal tax credits. Other potential revenues may come from timberland sequestration, stream bed remediation, and wetlands restoration.

For more information, please contact Vincent van Maasdijk at vvm@crestmontinvestments.com