Offshore energy company Talos Energy has won bidding for the Texas General Land Office’s (GLO) Jefferson Country, Texas carbon storage site near Beaumont and Port Arthur, Texas.
The bidding was won by Talos in partnership with carbon capture and storage (CCS)-focused project management company Carbonvert, seeing the company become part of a select group of domestic independent energy companies with a physical project site for carbon sequestration and storage.
Stretching across a total land area of over 40,000 gross acres, the project site is located offshore in Texas state waters in the Gulf of Mexico, close to a large concentration of industrial emitters along the Texas and Louisiana Gulf Coast.
The Texas School Land Board unanimously approved awarding the lease to Talos and Carbonvert after it was selected as the only successful proposal among twelve submissions.
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