What is it?

The gigatonne opportunity

Tapping the voluntary carbon market—forecasted to reach $50B by 2030—we’re unleashing a new gigatonne per year of emissions reductions from unexpected places.

Two-thirds of global greenhouse gas (GHG) emissions come from fossil fuels and industry. Across the entire fossil fuel value chain, there is a massive opportunity for voluntary carbon markets to bring oil & gas producers into the fold as partners in the climate action solution.

We start with the most-polluting wells…

In 2020, the United States had more than 930,000 hydrocarbon-producing wells. Some 870,000 of them yielded less than 100 barrels of oil per day. These wells represent the bottom-quartile of the well stock as measured by annual production. Unfortunately, such wells are often maintained less frequently than the higher-rate, higher-value wells within an operator’s portfolio, leading to frequent hydrocarbon leaks into the environment and atmosphere.

In fact, wells in the lowest production category yielding less than 1 barrel of oil equivalent per day in the United States produce just 0.2% of oil and 0.4% of gas, yet account for a disproportionately massive 11% of annual methane emissions from all U.S. oil and gas production.

To save one gigatonne per year of GHG emissions…

In the U.S. alone, early retirement of bottom-quartile wells could avoid 1 Gt CO₂e per year—greater than the annual total GHG emissions of Germany, the world’s fourth-largest economy.

At ZeroSix, we incentivize producers to shut wells early and turn unextracted, unburned oil and gas into high-integrity carbon credits. Along the way, we’re bringing the world closer to net-zero.

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We take the least economic and most polluting wells
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Apply the ZeroSix protocol and anchor proofs digitally
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Irreversibly shut in oil & gas
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Convert the shut-in reserves into carbon credits
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Which are traded on the Voluntary Carbon Market
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Buyers offset their emissions with the most accurate, additional, permanent and transparent carbon credits in the market.