Natural gas producers Comstock Resources and BKV Corp. have teamed up to develop carbon capture, utilization and sequestration (CCUS) projects in the Haynesville Shale.
The exclusive, non-binding agreement calls for the drilling of CCUS injection wells to permanently sequester CO2 waste produced at Comstock’s Bethel and Marquez natural gas processing and production facilities in Texas, according to an April 30 news release from Denver-based BKV.
“Collaborating with a premier partner like Comstock is a compelling opportunity to showcase how our CCUS portfolio can enable other natural gas producers to utilize low-carbon infrastructure and operate more sustainably,” said BKV CEO Chris Kalnin. “We view carbon capture as essential to the future of responsible energy, and this collaboration reflects a shared commitment to innovation, sustainability, and the long-term viability of natural gas. We’re excited about what we can achieve together.”
CCUS is seen in the U.S. and other parts of the world as a way to help lower greenhouse gas emissions. The captured carbon could be permanently stored underground or used to create products.
“Industrial customers desire scalable, low-carbon energy solutions, and enhancing Comstock’s infrastructure with innovative CCUS partnerships will deliver exactly that,” Comstock Resources CEO Jay Allison said. “We are excited about the opportunity to collaborate on carbon capture projects that align with Comstock’s commitment to innovation and sustainability. BKV’s leadership in carbon capture and storage innovation makes them the ideal partner for executing our vision.”
BKV is among E&Ps growing in the carbon capture space, having operated its first carbon capture and sequestration (CCS) facility—Barnett Zero in the Barnett Shale—for more than a year. Earlier this year, the company said it anticipates injection volumes for 2025 at Barnett Zero will range from 120,000 metric tons to 170,000 metric tons of CO2 per year.
Its Cotton Cove CCS project in the Barnett has a forecasted peak injection rate of 42,000 metric tons of CO2 per year.
In February, BKV announced a partnership with a “leading diversified midstream energy company” for a project that aims to capture and sequester the equivalent of about 90,000 metric tons of CO2 in the Eagle Ford Shale.
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