Jeff Kummer founded Meriden Carbon to partner directly with landowners to build a unique carbon storage asset, spanning over 100,000 acres, in the northern DJ Basin of Wyoming.
The asset will be unitized in one symmetric, consolidated block and will be known as the “Steamboat Carbon Storage Hub”.
“Based on our business model we have line of sight to significantly increase the size of our footprint (and associated carbon storage capacity) upon securing a source of CO2. Meriden Carbon was formed by technical experts, all with beginnings at the Colorado School of Mines, who decided to team up and take decades of knowledge from the oil and gas industry and apply it to developing carbon storage assets in the Rocky Mountain region with the goal of making a meaningful impact on the energy transition,” Kummer said.
Kummer joined Townsquare Media’s Talk of the Town with Steve Bakken and guest co-host Jason Spiess to discuss the carbon capture and sequestration market.
The interview starts with Kummer talking about his professional background, focusing on MineralTracker, Watford City, ND, first tech start up.
Kummer is a presenter at the Carbon Conference 2024 Las Vegas, which is partnering with the Energy Exposition & Resources Symposium, Feb 7-8, in the host city, the week of, Super Bowl LVIII.
The three discuss in detail the different types of carbon capture, transportation and government stimulus.
Having led successful careers in the oil and gas industry, the Meriden Carbon team was formed to leverage that expertise and to make an impact on the Energy Transition through developing Carbon Storage Hubs in collaboration with landowners.
Currently, Meriden Carbon is working on the Steamboat Carbon Storage Hub. Located in the Northern DJ Basin of Southeast Wyoming, the Steamboat Carbon Storage Hub is uniquely situated regionally and well positioned to gather CO2 at scale.
“At Meriden Carbon we believe that in order to effectively develop a Carbon Storage Hub the landowners need to have a seat at the table. After all, it is their pore space and lands which are being utilized for the permanent sequestration of carbon dioxide, deep underground,” Kummer said. “The cornerstone of the Meriden Carbon business model is in partnering with the landowner to develop a robust strategy for unitization, permitting, infrastructure and logistics.
He added that having a well thought out plan in place, with buy-in from all stakeholders, ensures safe and effective execution.
The Steamboat Carbon Storage Hub is situated in the Northern DJ Basin of Southeast Wyoming and is strategically positioned to gather CO2. The U.S. Department of Energy awarded $40.5 million to the University of Wyoming for a large-scale commercial carbon storage hub, known as the Sweetwater Carbon Storage Hub, in collaboration with Frontier Carbon Solutions LLC.
When fully developed, the Sweetwater Carbon Storage Hub is expected to store over 350 million metric tons of CO2 in geologic reservoirs. This project aims to demonstrate the technical and commercial feasibility of a large-scale carbon dioxide (CO2) sequestration hub for permanent storage of captured carbon. The initiative is part of broader efforts, with sixteen projects receiving $444 million to support the development of large-scale, commercial carbon storage projects
Growing up in a rural community, in western North Dakota, Kummer was the first in his family to attend college in pursuit of a career in the energy industry. He has been blessed to lead and serve with phenomenal people throughout his career building businesses in the upstream, midstream, technology, non-op, and oilfield services spaces of the oil & gas industry – leading divestments worth a combined value of over $1 Billion.
Additionally, he recently made a foray into the minerals and mining space, including leading a $1 Billion capital raise to develop the US Potash Project in west-central Michigan.
Kummer has a knack for startups, with a particular ability to identify talent, build a strong team and recruit investment through a genuine approach to building trust and creating value in new ventures.
Kummer has been honored to serve as Chairman of the University of North Dakota Petroleum Engineering Advisory Committee and as Vice Chairman of the North Dakota Oil and Gas Research Council. In 2013, he was inducted into the inaugural class of recipients of the Oil and Gas Investor’s “20 under 40” campaign.
Kummer graduated (cum laude) from the Colorado School of Mines, with a degree in Petroleum Engineering. He and his wife are raising their five children in Denver, CO.
The Carbon Conference 2024 will bring sustainable stakeholders and energy enthusiasts together that wish to capture CO2 emissions safely and transport the CO2 via pipelines, allowing the captured CO2 to be permanently stored in deep underground formations. The Carbon Conference 2024 is dedicated to advancing the necessary conversation regarding carbon emissions, capture, transportation, and storage.
The Conference Center at the Tuscany Suites & Casino in Las Vegas, Nevada, is the perfect venue to encourage productive discussions and diverse dialogue – both pro and con – everyone’s voice will be heard in order to find a positive path forward for all parties concerned.
The Carbon Conference has partnered with the Energy Exposition & Resources Symposium on February 7-8 for multiple reasons. Their 25 years of successful Energy Exposition conferences is extremely valuable experience in the Carbon Conference’s first year, however what may be more important is why it started.
Over 25 years ago, Wyoming was in the middle of an energy dispute similar to the carbon pipeline and storage issues. The Energy Exposition was started in order to broker peace and bring all voices to the table in a conference format. Twenty-five years later a similar situation is presented in the world of carbon.
We believe this partnership with the Energy Exposition & Resources Symposium will ensure fair deals will get done and peace will be brokered at the Carbon Conference 2024 Las Vegas.
The Carbon Conference is limited to 500 stakeholders, policymakers, impacted parties, and industry experts to ensure a solution-focused event, bringing together as many decision-makers to the table in order to discuss all the pressing issues related to carbon emissions.
We encourage you and/or your company to participate in this remarkable event. Sponsorships will not only allow your participation at the conference, but also provide your company with valuable exposure to a diverse audience of multi-industry professionals and stakeholders.
To reserve Exhibit Space at the Energy Exposition or Carbon Conference, contact
Austin F. Jennings III
239-898-3923
austin (at) energyexposition (dot) com
