Plugging abandoned wells forgoes the opportunity to repurpose them. Native State partners with technology developers who explore the conversion potential of inactive and orphaned wells. Such projects promise climate benefits much larger than those of plugging.
Renewell's mission is to build the lowest-cost, greenest energy storage device by repurposing idle oil and gas wells. The team is in the final stages of testing their prototype system and, once ready, it will then be deployed on an inactive well in Texas' Barnett Shale, making it the first ever well to be converted using Renewell's technology. The relationship between Native State and Renewell was kindled by a mutual passion for equipping the oil and gas industry in Texas to take part in cleaning up the beautiful state that many of them call home. Discussions around this collective and monumental goal quickly led to ideas on how take meaningful steps to address the environmental issue of orphan and at-risk inactive wells. The Texas pilot project was created when Native State, the leading non-profit organization addressing this issue, was able to secure an inactive well for Renewell's proprietary technology.
Native State Environmental and Well Done Foundation are pursuing the development of a carbon offset methodology through the American Carbon Registry (ACR)’s program for the creation of carbon offset credits from the reduction in methane emissions by plugging orphaned oil and gas wells.