The Barnett Zero Project in the Texan city of Bridgeport has sequestered over 200,000 metric tons of carbon dioxide (CO2) equivalent emissions since it began operation November 2023. Serving natural gas processing plants, Barnett Zero has a sequestration rate of about 185,000 metric tons a year, according to BKV. It co-owns the project with EnLink Midstream LLC.
The oil and gas sector faces a pivotal moment in 2025 as it deals with complex dynamics from global tensions, evolving policy directions, and rising innovation. The stable pricing in 2024, after many decades, now faces hurdles due to geopolitical stresses, energy transition demands, and economic shifts. Companies are keeping tight capital control while boosting tech productivity, as analysts predict oil will stay between $70 and $80 per barrel. However, geopolitical instability and unpredictability could push prices higher.