Enverus Intelligence® Research (EIR) provides an overview of recent changes and additions to the growing list of Class VI wells associated with CCS projects in the United States. CO2 sequestration via Class VI wells nearly tripled in 2024, rising from 0.74 Mt to 2.1 Mt. This increase represents only 0.05% of the total 4.7 Gt of U.S. CO2 emissions. In 2024, 33 Class VI permit applications were received, a decrease from 42 in 2023. We expect the number of applications to remain steady and anticipate around 100 new Class VI wells throughout 2025.
Based on active Class VI injection wells and estimated approval timelines, EIR projects a significant increase in CO2 injection by mid-2026. Total Class VI sequestration could exceed 120 Mtpa by the end of 2026, representing a nearly 60x increase over 2024 volumes.
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. See additional disclosures here.
