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
-
Canada Found Hydrogen Underground. A Lot of It.
Inside This Issue 🍁 Canada's Natural Hydrogen Bet Just Got A Lot Bigger 💰 Carbon Pricing Now Covers 63% Of Global GDP As Emissions Trading Expands 🏛️ Republicans Introduce American Energy Dominanc...
-
Innio Just Ran a Data Center on 100% Hydrogen. Here's What Happened.
Inside This Issue ⚡ Innio and Net Zero Innovation Hub Deliver World-First 3 MW Demonstration of 100% Hydrogen Backup Power for Data Centers 🌳 Chestnut Carbon Doubles Footprint in Southeast U.S. to...
-
First CO2 Well in Four States. It's in Kansas.
Inside This Issue 🛢️ Kansas Gets Its First CO2 Storage Well, PureField Shows How 🤝 FPH2 Expands California Renewable Hydrogen Supply Partnerships To Support Public Fleets, Data Infrastructure, And...
Company Announcements
-
Aviva Investors Partners With Climate Impact Partners To Invest In Colombian Afforestation Project
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has funded a large-scale afforestation and restoration project in Colombia, partnering with Climate Impac...
-
The close scales the project to 60,000 hectares of funded restoration, positioning Spekboom amongst the world's largest projects. The close combines streaming capital from a syndicate of institutio...
-
WASHINGTON, April 27, 2026 /PRNewswire/ -- The Ammonia Energy Association (AEA) has partnered with MiQ to launch the AEA Ammonia Certification System, a global certification system designed to faci...
-
Verde And Isometric Aim To Scale High Integrity Carbon Credits Through Infrastructure
ST. LOUIS, April 27, 2026 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR ) ("Verde"), an emerging leader in sustainable infrastructure products and technologies, today announced a strategic coll...