Barrell Energy Inc. Announces the Development of the Gulf Coast Storage Network
Published by Todd Bush on September 4, 2023
NEW ORLEANS--(BUSINESS WIRE)-- Barrell Energy, Inc. announces the development of the Gulf Coast Storage Network. Barrell Energy announced today that it is developing the Gulf Coast Storage Network (GCSN), which currently consists of four carbon sequestration sites along the Gulf Coast in Louisiana and Texas.
Barrell Energy President Kirk Barrell said, "Carbon sequestration is rapidly emerging as a current technological solution for the permanent storage of CO2. We believe it is a key pillar in this new era of 'Energy Expansion and Diversification.'"
With 37 years of geological experience across the Gulf Coast, Barrell Energy has performed extensive evaluation of multiple sequestration sites targeting Miocene, Frio, Wilcox, and Cretaceous reservoirs in Louisiana and Texas.
Barrell stated, "While the Gulf Coast contains a large volume of carbon dioxide emissions, it also contains world-class reservoirs for the permanent storage of CO2. We look forward to obtaining partners for our expanding network of geologically-superior and geographically-focused sites across the region."
>> In Other News: Carbon Centric and Fidelis New Energy Enter Into Letter of Intent for Onshore CO2 Storage
About Barrell Energy, Inc.
Barrell Energy, Inc. is a privately held energy company actively engaged in projects spanning oil, natural gas, solar, carbon dioxide, and brine minerals. The company has closed $432 million of transactions over the past eleven years. Barrell Energy was founded in 1997 by Kirk Barrell. The company leverages its 37 years of geological and geophysical experience to obtain strategic positions in energy projects.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Could Dairy Waste Really Power Aviation?
Inside This Issue ✈️ Syzygy Plasmonics and Honeywell Claim SAF Breakthrough 👩🔬 Carbon Market Trailblazer Joins CarbonCure Board 🤝 One Equity Partners Agrees to Acquire BARTEC ⚡ Siemens Energy, Te...
-
Frontier’s Boldest Carbon Bet Yet — Antacids
Inside This Issue 🌊 Frontier Drops $31M on Ocean Antacids in Massive Carbon Bet 🏭 PCA Launches Carbon Capture and Storage Study Following ‘Promising’ Trial ✈️ Airbus and Air France Complete Inaugu...
-
Northern Lights CCS Project Begins Operations with First CO2 Injection
Inside This Issue 🛢️ Northern Lights CCS Project Begins Operations with First CO2 Injection 🔋 Advent Technologies Receives Order from Global Energy Giant for Ion Pair HT- PEM Electrode Assemblies ...
Company Announcements
-
One Equity Partners Agrees to Acquire BARTEC
NEW YORK--One Equity Partners (OEP), a middle market private equity firm, today announced it has signed a definitive agreement to acquire BARTEC, one of the global leaders in explosion protection a...
-
North Dakota Supreme Court Allows Landowner Challenge to CO2 Storage Law to Proceed
BISMARCK — The North Dakota Supreme Court has ordered a lower court to take another look at a legal challenge related to underground carbon dioxide storage projects – a case that could have long-te...
-
New Marine Carbon Dioxide Removal Coalition Launches
The Marine Carbon Dioxide Removal Coalition (mCDR Coalition) launched on 22 August bringing together global leaders across companies, nonprofits and academic institutions to support the responsible...
-
Two New Swagelok® Components Deliver Safety and Efficiency to Hydrogen Refueling Stations
Ramp regulator and FK series check valve engineered specifically to address hydrogen-related challenges in a growing market SOLON, Ohio, Aug. 28, 2025 /PRNewswire/ -- To further enable the use of ...