CCS, Inflation Reduction Act (IRA) and MJ Well Logs.

MJ Logs has the industry’s largest library of legacy and current Raster Logs and LAS. MJ has the well logs you need to evaluate below ground CCS potential.
For the first time in the US a change in a government program has made the subsurface sequestration of CO₂ economical. The recently passed Inflation Reduction Act (IRA) will increase the sell-able tax benefit to $85 per metric ton (known as the 45Q) on fully captured and sequestered CO₂ . What this means is that all major emitters of CO₂ in the US now have both the social and the economic incentive to pursue Carbon Capture and Sequestration (CCS) opportunities.

Even with the credit, the controlling factor on successful CCS is still economics. The main components for below ground CCS are the volume of CO₂ separated and available, determining where that gas volume can be stored, the cost of separation and transport, cost of processing and injection and the cost of monitoring. Many of these factors are either directly related or partially related to subsurface controls. For example, the proximity of an adequate geological storage zone to the source of CO₂ has a major impact on transportation costs.

As companies begin to evaluate their below ground CCS potential they will be relying on large amounts of legacy data from the oil and gas industry, particularly well logs. No one has more well logs in the US than MJ Logs, and because they have been in operation for over 50 years, they have both the new and the older legacy wells that are critical to CCS evaluations.

View our Raster and LAS coverage at wls.mjlogs.com

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