Barrell Energy Inc. announced on Aug. 29 it is developing its Gulf Coast Storage Network, currently consisting of four carbon sequestration sites in Louisiana and Texas along the Gulf Coast.

Barrell Energy evaluated multiple sequestration sites targeting the Miocene, Frio, Wilcox and Cretaceous reservoirs in Louisiana and Texas. 

"While the Gulf Coast contains a large volume of carbon dioxide emissions, it also contains world-class reservoirs for the permanent storage of CO2,” Barrell Energy President Kirk Barrell said in the press release. “We look forward to obtaining partners for our expanding network of geologically-superior and geographically-focused sites across the region."

Barrell Energy is a private energy company focused on obtaining strategic geological and geophysical positions in oil, natural gas, solar, carbon dioxide and brine minerals projects.