TetraHydro Solutions has partnered with SDC Enerserve to advance an emerging market opportunity to acquire high-quality carbon credits by testing and plugging US orphan and idle oil and gas wells, while also reducing the methane emissions problem.
Abandoned orphan wells in the US are a serious problem, responsible for emitting about 31 billion cubic feet (14.9 million metric tons CO2 Eq) of methane each year. The EPA estimates there are >3.7 million orphan wells across the US (65% concentrated in 5 states) and accounts for 12% of all US GHG emissions. Methane emissions outstrip the effect of CO2 dramatically in the short term, and yet are the
more affordable quick fix and profitable means to reduce immediate climate concerns.
Responsibility for plugging orphaned wells falls to the States, Federal Agencies, and Native American tribes, which lack the funding needed to handle the methane emission problem in a practical way. Orphaned wells also negatively impact water quality and soil health, among other problems.
This is where TetraHydro Solutions and SDC Enerserve will step-in and manage orphan well tests and plugging to mitigate methane emissions. We recognize orphan and idle well leak testing and plugging as a solid opportunity, targeting high-density areas in key states for well testing and plugging, while also addressing environmental concerns.
TetraHydro Solutions is a key player in this emerging industry capable of generating high quality carbon credits plugging orphan and abandoned oil and gas wells and is approved under American Carbon Registry’s (ACR) methodology for carbon credits certification.
