BioSqueeze Inc.

As more carbon sequestration projects are approved concerns about potential leakage from improperly abandoned wells have mounted. DOE estimated 46M mt of CO2 were captured and stored globally in 2022 with projections of up to 254M mt by 2030. In the US, there are 15 active CCS projects, which capture ~ 22 million metric tons of CO2 annually. A long history of oil and gas production across the US poses new challenges for emerging carbon sequestration projects. Wells abandoned prior to the establishment of modern plugging standards may lack zonal isolation entirely, potentially allowing a conduit for stored carbon to escape. LA recently became the third state (following ND and WY) approved by the EPA to regulate Class VI injection wells. With over a century of O&G production, LA has accumulated over 180,000 abandoned wells, with ~28,000 unplugged and~13,000 that may pose a risk to sequestration projects due to zonal isolation issues. Reliable methods to ensure zonal isolation are critical to prevent leaks and CO2 escape from storage projects. BioSqueeze provides an array of innovative well integrity solutions for establishing zonal isolation including our Deep Penetrating Annular Surface (DPAS™) BioSqueeze®, a rigless solution that boasts an industry leading 90% success rate. #SealedWell #OilandGas #CCUS #CarbonSequestration #ZonalIsolation #WellIntegrity

State and federal efforts to find and plug orphan oil and gas wells continue to gain ground in 2024. State funded plugging increased from ~ $89.8M in 2022 to ~ $123.9M in 2023 and was used to plug some 2,484 and 2,547 orphan wells. Over the same period federal funded plugging increased from ~ $8.4M to ~ $260.7M, enabling plugging to increase from 391 to 6,849 orphan wells. A portion of both state and federal funding was also used to identify undocumented orphan wells, which resulted in the total number of documented orphan wells increasing since 2021 despite significant P&A. BioSqueeze provides an array of innovative well integrity solutions including our Deep Penetrating Annular Surface (DPAS™) BioSqueeze®, a rigless solution that boasts an industry leading 90% success rate. #SealedWell #OrphanWellUpdate #OilandGas #OrphanWells #MethaneEmissions

The DOE announced a preliminary NOI to support R&D of technologies that effectively characterize and remediate undocumented orphan wells (UOWs). Funding would target the following areas of interest: 1) Advanced Remediation Techniques for UOW Boreholes 2) UOW Wellbore Characterization 3) Long-Term UOW Monitoring Cement is often used for both plugging and sealing leaks and while it is great for straightforward P&A (setting zonal isolation plugs in the wellbore), better options exist to address leaks. The Deep Penetrating Annular Surface (DPAS™) BioSqueeze® is a rigless solution to permanently seals leaks by healing hundreds to thousands of feet of cement. The solution has been proven in a variety of challenging situations and has been deployed by leading orphan well programs including the Ohio Department of Natural Resources. Link to Cleveland, OH case study: https://lnkd.in/gr4NFSmm   Contact us now to learn more about how DPAS™ can save time and money by expediting difficult abandonments. #SealedWell #OilandGas #OrphanWells #MethaneEmissions #PlugAndAbandon #DOE

With the pause on exports lifted and new regulations set to go into effect mandating low emissions LNG in Europe, US producers are well positioned to continue producing the cleanest natural gas on the planet. For operators looking to efficiently and effectively reduce their emissions at the wellhead, BioSqueeze provides a range of innovative well integrity solutions to remediate even the most difficult to solve issues. #SealedWell #OilandGas #MethaneEmissions #NaturalGas #LNGExports

DOE and EPA recently announced an $850 million funding opportunity to support projects aimed at measuring, monitoring, and mitigating oil and gas industry methane emissions. Funding is available for oil and gas companies, community groups, state, local, and Tribal governments, and a variety of other organizations with the deadline to submit applications through the FedConnect portal set for 5 p.m. EDT, 8/26/24. For operators in need of well integrity solutions BioSqueeze provides an array of options proven to get the job done once and for all. Contact us now for more information or to set up a job review. #SealedWell #OilandGas #MethaneEmissions #WellIntegrity

BioSqueeze Inc. was contracted by an operator in the Utica Shale to remediate SCP in 2 annuli on a well being plugged in OH. AT A GLANCE Preparation - Acoustic log used to identify source of gas - Advanced Cement Imaging (ACI™) used to identify flow path and inform intersection strategy - 3 sand notches cut through 2 strings of casing Treatment - Downhole BioSqueeze® performed at 5,759' to treat both annuli - Injection established @ 900 psi - 0.145 gpm - 109 gal injected over 48 hours - Final injection @ 2,000 psi - 0.004 gpm (97% decrease) Results - 5-1/2" x 9-5/8" - 863 psi to 0.14 psi - 9-5/8" x 13-3/8" - 257 psi to 0.00 psi - Leaks sealed, well permanently abandoned Reach out now for more information on our innovative well integrity solutions! #SealedWell #OilandGas #MechanicalIntegrity #CasingLeak #WellIntegrity

We're hiring! We have multiple operations positions open in: - Edmonton, AB - Pittsburgh, PA Come join our fun, innovative, and rapidly growing team! #SealedWell #Hiring #OilandGas #Pittsburgh #Pennsylvania #Edmonton #Alberta

A new CA bill would require companies to plug up to 20% of their idle wells each year or face penalties. Experts  and the industry are critical of the bill, noting that additional financial burdens in a state that is already heavily regulated could result in bankruptcy for the few operators that still exist in the state. Such an outcome would lead to California taxpayers shouldering the load of plugging the state’s more than 40,000 idle wells. BioSqueeze recently began working with operators in California to expedite plugging operations. Utilizing our proven biomineralization technology to provide an effective and economical way to permanently eliminate methane leaks that can otherwise skyrocket plugging costs. Struggling with ineffective remediation/expensive abandonment? Contact us today to learn how we can increase intervention efficiency and improve well integrity without breaking the bank. #SealedWell #OilandGas #MethaneEmissions #California #PlugandAbandon #IdleWells

BioSqueeze Inc. was contracted to restore mechanical integrity on a Marcellus Shale well undergoing post-frac drillout to bring the asset online. AT A GLANCE - Well lost pressure during frac through casing patch - Cement and resin failed to fix the leak - Two zones treated 1) Perfs from previous interventions - Prior to BioSqueeze®: 29 psi lost over 15 min at 988 psi (2.9%) - Treatment: 1.67 gal injected over < 12 hrs, final rate 0.001 gpm at 1,608 psi - Post BioSqueeze®: 2 psi lost over 15 min at 1,608 psi (0.12%) 2) Breach from jarring patch free - Prior to BioSqueeze®: 79 psi lost over 5 min at 1,000 psi (7.9%) - Treatment: 46 gal injected over < 53 hrs, final rate 0.019 gpm at 1,600 psi - Post BioSqueeze®: 13 psi lost over 15 min at 1,600 psi (0.81%) - 10 hr pressure test showed no drop-off - Leaks sealed, well completed and put on production Reach out now for more information on our innovative well integrity solutions and/or a complimentary review and recommendation. #SealedWell #OilandGas #MechanicalIntegrity #CasingLeak #WellIntegrity

A new report from the EPA shows methane emissions from natural gas extraction nationwide decreased 37% while production increased 40% (2015 to 2022). GHG emissions (including carbon dioxide) were also decreased by 14%. Total Permian production increased over 300% and natural gas production by over 150% while reducing methane emissions by 16% (2015-2022). Operators reduced vented methane 24% and fugitive methane emissions 22%, with natural gas extraction methane intensity falling 78%, and overall greenhouse gas intensity down 47%. In the Appalachian Basin producers reduced methane intensity by ~17%, resulting in the lowest methane intensity among major US basins. Even with the advent of renewables, reduction in emissions from oil and gas production continues to be the most impactful way to provide clean energy today. Sealing fugitive emission sources and equipment innovations reduce methane and GHG intensity as the world relies on efficient and reliable US energy production. For companies with methane leaks manifesting downhole, BioSqueeze provides innovative solutions for a variety of well integrity challenges. Contact us now for more information and/or a complimentary review of your challenge. #SealedWell #OilandGas #MethaneEmissions #WellIntegrity #PermianBasin #AppalachianBasin