Current Projects

SWS Carbon proposes a groundbreaking approach to methane abatement by permanently closing marginal oil and natural gas wells. By creating carbon credits as financial incentives for the permanent closure of marginal oil and natural gas wells, this strategy addresses the lack of economic motivation for operators to undertake this costly, non-revenue-generating activity. By incentivizing the avoidance of hydrocarbon extraction, it aims to prevent the release of greenhouse gases (GHGs) like methane (CH4) and carbon dioxide (CO2) into the atmosphere. This approach not only addresses the immediate issue of fugitive emissions but also tackles the long-term problem of CO2 emissions from fossil fuel combustion, offering a significant opportunity for global climate change mitigation. The methodology identifies marginal wells in the U.S. and Canada that meet specific criteria for additionality and eligibility. A certified third-party engineering firm evaluates the remaining economic value of each well and verifies geological conditions to ensure long-term effectiveness and using these evaluations, establishes the baseline emissions. It is assumed that the emissions from decommissioning activities are zero, as sealing wells is a mandatory procedure regardless of whether it is part of the project’s earlier phase. Adjustments for permanence and potential leakage are made to the calculated greenhouse gas reductions, ensuring a conservative estimate for emission credits