“In the first part of next year, we expect to drill a strat well in the onshore acreage and do the same.”

In context

“en we also went out and acquired Renewable Energy Group. So I think you'll see both. Certainly, the Denbury transaction is one that the market somewhat anticipated. And you can presume that multiple market players probably took a look at or had conversations with Denbury. For us, in CCUS, we look for areas that have good geology or pore space, they're near concentrated emissions and have the right policy support to enable a business. The Gulf Coast has all of these things. And Bayou Bend, we've got about 140,000 acres of permanent CO2 pore space, both onshore and offshore. We've got storage potential there of greater than 1 billion metric tons. In the second half of this year, we're going to drill a strat well in the offshore acreage to further delineate and characterize the subsurface. In the first part of next year, we expect to drill a strat well in the onshore acreage and do the same. And of course, we're in conversations with a number of customers in that region in the Golden Triangle, up at Mont Belvieu, all the way across the Houston Ship Channel. And we've got term sheets going back and forth. We're in negotiations with a number of different potential customers. The commercial framework for this is still evolving. And we're working on the other pieces you need. So classics, well injection permits. And midstream assets, we've got an RFP out right now, with a number of midstream providers, consistent with the way we have generally approached the midstream. We own assets if they're strategic. If there's a way for us to go to somebody who's in the business of building and operating midstream infrastructure, we certainly look at that as well. So we're putting all the p”