![Frontier Receives Federal Funds to Develop Carbon Storage Hub](/sites/default/files/styles/hart_news_article_image_640/public/image/2023/06/frontier-receives-federal-funds-develop-carbon-storage-hub.jpg?itok=LsU_5mKm)
The University of Wyoming's School of Energy Resources (SER), with Frontier Carbon Solutions Holdings LLC as a partner and collaborator, was recently awarded $40.5 million by the Department of Energy's CarbonSAFE initiative to further develop the Sweetwater Carbon Storage Hub (SCS Hub), which is expected to eventually hold more than 350 million metric tons of CO2, according to a June 29 press release. (Source: Shutterstock.com)
The University of Wyoming's School of Energy Resources (SER), with Frontier Carbon Solutions Holdings LLC as a partner and collaborator, was recently awarded $40.5 million by the Department of Energy's CarbonSAFE initiative to further develop the Sweetwater Carbon Storage Hub (SCS Hub), which is expected to eventually hold more than 350 million metric tons of CO2, according to a June 29 press release.
The funding will be used to drill class VI injection wells and expand reservoir characterization across the hub’s area.
“This partnership allows us to highlight Wyoming as a key leader in carbon storage and we will utilize this capital to accelerate the development of the SCS Hub,” said Robby Rockey, president and co-CEO of Frontier.
Frontier, a portfolio company of Tailwater Capital LLC, said that the carbon storage hub will span over 45,000 acres in southwestern Wyoming.
The SCS Hub will be of the first open-source, multipurpose carbon storage hubs in North America. It has been designed to provide a carbon management solution for emitters across the Mountain West. With the recently submitted class VI UIC permits by Frontier.
The company also announced the promotion of Alicia Summers to chief development officer. She will focus on the growth of the SCS Hub and other sequestration sites in the area.
Frontier Carbon Solutions Holdings is a carbon capture, utilization and sequestration project developer based in Dallas, Texas and White Plains, New York.
Recommended Reading
Fury Resources Lowers Offer for Permian E&P Battalion by 29%
2024-08-15 - Fury Resources' new offer reduces the amount of consideration payable to Battalion’s stockholders. Battalion said it was reviewing the amended terms of a merger agreement that was announced in December.
Marketed: South Texas Assets in McMullen, Zapata Counties
2024-08-15 - The Trustee of El Dorado Gas & Oil and Hugoton Operating LLC has retained Energy Advisors Group for the sale of South Texas assets in the A.W.P (Olmos) field in McMullen County and in the Mecom Ranch lease (Lobo) in Zapata County, through a bankruptcy sale.
BW LPG Acquires Very Large Gas Carriers for $1B
2024-08-15 - BW LPG Ltd. will increase its LPG dual-fueled fleet with the acquisition of a dozen new very large gas carrier vessels from Avance Gas Holdings in a cash-and-stock deal valued at $1.05 billion.
Debt, Politics and Gas: Ecopetrol Explains Rejecting $3.6B Oxy Deal
2024-08-16 - Ecopetrol said its decision to not move forward with a $3.6 billion deal to acquire Oxy’s CrownRock LP assets was mainly due to the impact on its leverage, but also political shifts under Colombian President Gustavo Petro.
Ex-BP America Chair Dave Lawler to Lead Kimmeridge’s South Texas Gas E&P
2024-06-25 - Separately, Kimmeridge has purchased more than 90% control of Gulf Coast LNG developer Commonwealth LNG.