CALGARY, Alberta (Feb. 11, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report and overview focused on recent changes and additions to the growing list of Class VI wells associated with carbon capture and sequestration (CCS) projects. EIR’s report covers new Class VI permit applications in the U.S., changes to permit status, permit approvals and newly disclosed project details.
“We could see a massive increase in permit approvals in 2025 with more than 40 Class VI applications in line to be approved this year, potentially adding more than 100 mtpa of approved CO2 injection. It appears the wave will be hitting the U.S. soon,” said Brad Johnston, report author and analyst at EIR.
“Class VI applications are expected to remain steady at about two to three per month, and we anticipate nearly 100 new Class VI wells throughout 2025,” he said.
Key takeaways from the report:
- CCS through Class VI injection wells nearly tripled in 2024 to 2.1 Mt, representing just 0.05% of total U.S. carbon emissions.
- Thirty-three Class VI permit applications were submitted in 2024, compared to 42 in 2023. EIR anticipates two to three new applications per month this year totaling some 100 Class VI wells.
- EIR expects 40 Class VI permits to be approved in 2025, adding 100 mtpa of injection, up from five approvals and 32 mtpa in 2024.
- Dakota Gasification’s Great Plains Synfuels plant was the sole CCS project to start up last year, sequestering 1.39 Mt since February. Red Trail Energy, Blue Flint and Archer Daniels Midland (ADM) represent the other ongoing Class VI sequestration projects. Injection at ADM’s Decatur project was halted in October due to out-of-zone migration of CO2.
- ExxonMobil withdrew its Class VI applications for the Leo and Orion CCS projects in Mississippi and Alabama, focusing instead on its 271,000-acre position offshore southeast Texas.
EIR’s analysis pulls from a variety of Enverus products including Enverus Foundations® | Carbon Innovation Wells.
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About Enverus Intelligence® Research:
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.
