The recent publication of the American Carbon Registry’s wellbore capping methodology enables DevvStream to open the Program to states, provinces, federal agencies, private entities, and indigenous nations with orphaned wellbores present on their lands

Vancouver, British Columbia–(Newsfile Corp. – July 17, 2023) – DevvStream Holdings Inc. (NEO: DESG) (OTCQB: DSTRF) (FSE: CQ0) (“DevvStream” or the “Company“), a leading carbon credit generation company specializing in technology solutions, is pleased to announce the launch of the Orphaned Oil and Gas Well Sealing Program (the “Program“), in accordance with a recently established methodology created by the American Carbon Registry (ACR) and in collaboration with DevvStream’s technology partner TS-Nano. Designed to accommodate hundreds of ongoing sealant projects-with every project including up to 200 wellbores each-the Program aims to address the problem of orphaned wellbores, estimated to number in the several millions across the US alone⁽¹⁾.

DevvStream unveiled the Program during a live presentation to representatives of over 20 states during the National Association of State Trust Lands (NASTL) annual conference held on July 11 in Santa Fe, New Mexico.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173713

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