Carbon Shield LLC announced that it has acquired Phoenix Abandonment LLC, an independent petroleum engineering consulting firm specializing in wellbore and facility abandonment services. Together, the companies aim to provide a suite of services including plug and abandonment engineering and permitting, innovative greenhouse gas emissions reduction projects, and the advancement of high-quality carbon offset markets.
The newly formed entity will leverage its deep experience in the well abandonment space to accelerate meaningful and scaled methane reduction in an industry that can provide a major climate-positive impact to global decarbonization goals. Carbon Shield’s initiatives will assist operators and States with asset retirement obligations and provide governments, communities, and various stakeholders an avenue to accelerate fugitive methane reduction goals.
Carbon Shield will continue to offer Phoenix’s traditional wellbore and facility abandonment engineering and permitting services along with its innovative emissions reduction strategies to its existing customers.
Courtesy of Carbon Shield.