Carbon capture and storage (CCS) refers to a collection of technologies that can combat climate change by reducing carbon dioxide (CO2) emissions. The idea behind CCS is to capture the CO2 generated by burning fossil fuels before it is released to the atmosphere. The question is then: What to do with the captured CO2? Most current CCS strategies call for the injection of CO2 deep underground. This forms a “closed loop”, where the carbon is extracted from the Earth as fossil fuels and then is returned to the Earth as CO2.
Investco (IOG) Corporation has acquired oil and gas wells to participate in the aforementioned cardon capture and storage programs. Our 2025 planned acquisition of non-producing wells will expand our asset value of two fronts:
1) Wells acquired by Investco (IOG) as non-producing will have a scheduled “workover”. If production is obtainable, our total monthly cash flow(s) and crude oil volume percentage increases.
2) After a scheduled workovers of a non-producing well and that well is determined unable to produce, Investco (IOG) will list the non-producing well as a candidate for our carbon capture and storage program.