Verde CO2, A Real-World Solution To Decarbonization
In the News
Reuters: Tumbling US natural gas prices prove unstoppable, hurting producers
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies. In the oil versus gas contest, gas producers...
Chronicle: The carbon storage race is underway in East Texas as big oil looks to cash in on climate incentives
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...
Wall Street Journal: New Land Grab by Oil Giants Is Deep Underground
Fossil-fuel companies have been some of the most active in exploring the technology, partly because injecting carbon into fading oil fields has for decades been an established way to boost production. Now, spurred by huge U.S. subsidies passed last year for capturing...
Politico: A crucial climate technology provokes fears in oil country
Named for the friend of a French king, Louisiana’s Lake Maurepas is a large tidal estuary at the confluence of four rivers, a geographic lace-hole in the boot-shaped state. Today, it’s known mainly for shrimping. But if a company called Air Products gets its way, the...
Beaumont Enterprise: Southeast Texas is twice blessed by its geology, natural resources
The story of Texas is incomplete without talking about the natural bounties lying underground that shaped our state’s destiny, employed millions over decades and helped fundamentally transform modern life. Just as the geology blessed Texas with oil and natural gas, it...
Reuters: Louisiana slams EPA over lack of urgency on carbon-project approvals
The U.S. Environmental Protection Agency (EPA) is moving too slowly to allow states to permit and oversee carbon-reduction projects, according to Louisiana's governor, slowing millions of dollars in investments designed to tackle greenhouse gas reduction. Louisiana...
Hart Energy: Verde CO2 ‘Repurposes’ Oil and Gas Industry Expertise to Advance CCUS
Charles Fridge, chairman and CEO of Verde CO₂, has the ability to recognize when change is on the horizon. As a practicing lawyer in the mid-2000s, Fridge saw the potential of unconventional oil and gas and gave up his law license to build up Throne Petroleum LLC, an...