Libra

The Libra Carbon Storage Project, developed by Lapis Energy, is located on the 14,000-acre Simoneaux Family Lands LLC property in St. Charles Parish, Louisiana, about 20 miles southwest of New Orleans. The project will permanently sequester CO₂ using three Class VI injection wells—Simoneaux CCS Injector Wells No. 001, No. 002, and No. 003, targeting thick sand packages within the Upper and Middle Miocene formations at depths greater than 3,000 feet. These formations average 6,000 feet in thickness and are capped by a 300-foot shale confining unit, ensuring containment. The project is designed to inject up to 4 million metric tons of CO₂ per year, beginning in 2027, with wells drilled one year apart. Simoneaux Wells No. 001, 002, and 003 are projected to inject 30 MMT, 28.5 MMT, and 18 MMT over their lifetimes, respectively, totaling 76.5 MMT over 20 years. Each well will be recompleted once into a shallower interval to maximize capacity, with no overlapping injection zones. The project includes a stratigraphic well converted into an above-zone monitoring well (AZM) and two USDW monitoring wells for protection of underground sources of drinking water.