|Articles|March 17, 2023

Ozona CO2 Sequestration

Drilling well In the Permian Basin

Ozona CCS reached an agreement with Texas Pacific Land Corporation ("TPL") to lease approximately 5,173 contiguous acres of land for the purpose of drilling one of the first commercial CO2 sequestration wells in the Permian Basin. Initial anchor customers will include natural gas processing plants and oil and gas operators in the region. The Company can expand the acreage as additional storage capacity needs increase.

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