This project plugs six orphaned oil wells in Washington County, Oklahoma. The wells, which are located on private property, were leaking methane, posing health risks due to their location in proximity to homes, and threatening natural resources. The wells were identified by the state of Oklahoma as having no solvent owner, and without the project there would not have been any financing or regulatory mechanism to plug the wells. The plugging and abandonment activity itself was overseen and approved by Oklahoma. The project provides methane abatement, land restoration, and air quality benefits for those living nearby.
American Carbon Registry (ACR ACR890)
These projects face low risk of reversal because they are designed to store captured carbon for hundreds or even thousands of years. The primary risk of reversal comes from failure of the storage mechanism over the promised timeframe.
