Energy Analytics Midstream

A Midstream Operator’s First Mover Advantage in CCUS


Part 1: Pinpointing CO2 emitters

Global alignment on net zero policies, Wall Street sentiment, and large tax credits from the U.S. and Canadian governments for carbon capture investment, are leading to exciting new opportunities for historically midstream service providers. Dominated by the transportation and storage of hydrocarbons, midstream operators are rethinking their business model and repurposing into the carbon capture, utilization and storage (CCUS) market.

The U.S. alone produces around 2.5 billion tons of CO2 per year, representing an attractive market for companies who can move it from source to sink, such as suitable reservoir rock where CO2 can be injected and stored. For midstream operators looking to get in on the CCUS market, it’s important to evaluate projects holistically and understand the nuances of the space, such as where to focus on gathering CO2, carbon capture cost breakeven, what makes viable saline storage and the surface ownership picture in project areas. In a rapidly evolving market, you need to be able to screen opportunities from source to sink, focus your efforts on the right deep dive analysis and accelerate time to value.

During this three-part series, we’re going to walk through three workflows within PRISM and contextualize multiple data sets to do just that in minutes. We’ll create a detailed picture of CCUS opportunities in the Houston area, but remember, these are universal workflows that can be taken to other areas in the Lower 48 and Canada.

How to identify high value emissions streams

With an annual CO2 emissions profile of 190 million tons, extensive transportation infrastructure and favorable geology, Houston has everything we need to illustrate our source-to-sink workflows.

Zooming into Houston within PRISM, we see 2020 CO2 point source emissions reported to the U.S. Environmental Protection Agency (EPA), colored by sector and sized by volume. Black lines represent pipelines, while the yellow contouring shows the nearby Frio Formation. From our PRISM dashboard, we can then breakdown sources across sectors and within an industry to show top emitters, NRG, Calpine and Exxon.

Midstream companies can look at the CCUS upside from multiple perspectives, including identifying underutilized pipeline capacity that could be shifted to CO2 by using PRISM to find emissions within your service areas, or simply evaluate an entire region like Houston to see where infrastructure fits into the CCUS picture.

CCUS Webinar for Midstream

While Houston presents an attractive CCUS market, not all locations across the four counties are created equal, underscoring the need to determine the cost to capture and transport CO2. To do that, we can leverage Enverus Intelligence research data from 50 active engineering projects spanning the globe, different timeframes and sectors to build carbon capture break-even models. Capture cost breakevens are measured in dollars per ton, normalized for U.S. facilities at 1 million tons per year.

From this data set, we see that natural gas processing and ammonia production are at the lower end of the capture cost spectrum and steel and coal power generation are at the higher end, enabling us to quickly home in on the lowest cost opportunities that will improve margins. Pursuing Houston natural gas processing (a target market of 5.2 million tons per year), we can easily see the 17 facilities involved along with the parent company, ownership and volume.

What’s truly powerful with PRISM is the customizable export feature that lets you take all that data — location, company, ownership information, volumes, Enverus value-added fields, etc. — to other apps for additional analysis. And it’s more than CO2 — our ESG Analytics also provide CO2 equivalent, methane and N2O emissions data. Plus, a new PRISM data set is coming soon that will allow you to evaluate average capture break evens across North America to better evaluate CCUS opportunities using public data and disclosures.

Capture Costs Vary Considerably by Subsector

The first step in any midstream operator’s CCUS journey is identifying source emitters and evaluating future volumes you could collect.

Stay tuned for Part 2 of this series where we’ll walk through the process for identifying viable CO2 storage sites.

If you’re ready to watch our latest CCUS Webinar, please fill out the form below.



Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Energy Transition
ByCarson Kearl

In a world where energy value can make up a small portion of the revenue stream from emerging business models, what else is at play? Enverus Intelligence Research® views effective energy transition business as taking advantage of two key additive...

Intelligence Oilfield Services
ByErin Faulkner

Permitting information for oil and gas wells is one of the most readily available and least lagged pieces of data on industry activity, but it is often seen as a poor indicator of future drilling activity.

Enverus Press Release - Exploring falling rigs and rising production
Energy Analytics Minerals

While horizontal drilling and hydraulic fracturing significantly enhance well productivity, they have had the opposite effect on the land department.

ByJoseph Gyure, Editor, Enverus Intelligence

All seven regions covered by the Enverus Day Rate Survey saw rates rise sequentially for the second time in three months in January as confidence started to strengthen among U.S. land drilling contractors.

Energy Transition Intelligence
ByJoseph Gyure, Editor, Enverus Intelligence

Ørsted took a blade to its project pipeline, reducing its ambition to 35-38 GW of installed capacity by 2030 from the previous 50 GW.

ByJoseph Gyure, Editor, Enverus Intelligence

SLB has reaffirmed its 2024 financial guidance, part of an effort by international oilfield services companies to reassure investors after the Saudi Ministry of Energy called off plans to increase its maximum sustainable capacity by 1 MMbo/d to 13 MMbo/d...

Analyst Takes Energy Transition

Despite the relatively scant incentives for buying an EV in the U.S. compared to other countries, the U.S. Environmental Protection Agency (EPA) presented its plan in 2023 to tighten tailpipe emissions regulations.

Enverus Blog - Increase visibility and efficiency with OpenTicket Mobile digital field ticketing software
Trading and Risk

Amid significant volatility in global energy markets, U.S. President Joe Biden’s decision to temporarily halt approvals for pending liquefied natural gas (LNG) projects seems to defy conventional trading wisdom. This audacious move has given rise to a variety of viewpoints...

Enverus Blog
Intelligence Trading and Risk

In the ever-changing energy landscape, understanding market fluctuations, weather conditions and system resilience is paramount when factoring ideas for trading opportunities.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert