Carbon GeoCycle awarded $3.8 million contract by Wyoming CarbonSAFE to assist in evaluating the deep subsurface geology near Gillette, Wyoming
March 12, 2019 (Laramie, Wyo) – Carbon GeoCycle Inc (CGC) announced today that it has been awarded a $3.8 million contract by Wyoming CarbonSAFE to assist in evaluating the deep subsurface geology near Gillette, Wyoming for its potential to store carbon dioxide safety and permanently.
Several deep geologic rock formations are being studied for their suitability in permanently storing carbon dioxide. These formations include potential carbon dioxide storage zones and cap rocks, which seal the storage zone and keep the carbon dioxide contained. CGC has been contracted to drill and technically characterize the formations. Those data will be used to create geologic computer models in which to test storage scenarios and capacities.
The drilling will be conducted on the Dry Fork Station plant site through a partnership with the power plant’s owner and operator, Basin Electric Power Cooperative. The cooperative supports the scientific work being done as a way to further knowledge about carbon dioxide capture, utilization and sequestration. Carbon dioxide will not be injected into the well, as following this testing it will be plugged and abandoned according to regulations.
The two-year, $12.25 million study, managed by University of Wyoming’s Center for Economic Geology Research, is sponsored by the U.S. Department of Energy under its CarbonSAFE initiative. It is one of just six Phase II projects funded through that initiative.
About Carbon GeoCycle Inc: CGC is focused on using its technology and knowledge to sequester significant amounts of carbon dioxide in geologic formations as economically and quickly as possible. CGC was founded in 2016 to drive safe, affordable sequestration of carbon dioxide in geologic reservoirs. Blue Sky Group Inc formed CGC by combining a subsidiary having expertise in specialized oil and gas operations with unique intellectual property related to carbon sequestration. More information is available at www.carbongeocycle.com.
About Wyoming CarbonSAFE: Additional information on Wyoming CarbonSAFE Phase II can be found at http://www.uwyo.edu/cegr/research-projects/carbonsafe-p2-dryfork.html.
About Basin Electric: Basin Electric is a consumer-owned, regional cooperative headquartered in Bismarck, North Dakota. It generates and transmits electricity to 141 member rural electric systems in nine states: Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming. These member systems distribute electricity to about 3 million consumers.