Denbury Enhances Carbon Sequestration Portfolio in Louisiana's Industrial Corridor

Denbury estimates to provide more than 720 million metric tons of potential CO2 sequestration capacity.

Hart Energy Staff

Denbury Inc. announced on March 17 three new lease agreements with large private landowners in Louisiana, securing additional exclusive rights to develop significant carbon sequestration projects in high quality, high-capacity reservoirs underlying deep sealing formations along the state's industrial corridor.

In a press release, Denbury said that two of the agreements cover a contiguous area of approximately 84,000 acres located approximately thirty miles southeast of New Orleans, Louisiana. Denbury estimates this site will provide more than 500 million metric tons of potential CO2 sequestration capacity.

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