California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), announced receipt of final Class VI well permits from the Environmental Protection Agency (EPA) for underground injection and storage of carbon dioxide (CO2) into the 26R reservoir, located at CRC’s Elk Hills Field in Kern County, California. The 26R reservoir is part of CTV’s joint venture with Brookfield.“We are proud to have received the state’s first Class VI permits, enabling us to advance critical clean energy projects in California,” said Francisco Leon, CRC’s President and Chief Executive Officer. “This milestone underscores our leadership in the carbon capture and storage sector and highlights our capability to deliver carbon management solutions to key industrial partners across the state.”26R is one of two depleted oil and natural gas reservoirs that comprise the CTV I storage site, with an expected injection rate of 1.46 million metric tons of CO2 storage per annum. Total estimated capacity of 26R is up to 38 million metric tons.

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California Resources Corporation and its carbon management business, Carbon TerraVault, announced receipt of final Class VI well permits from the Environmental Protection Agency for underground injection and storage of carbon dioxide (CO2) into the 26R reservoir, located at CRC’s Elk Hills Field in Kern County, California. 

Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California

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