Every ClimateWells project is independently verified and registered to ensure a real and tangible impact.
To calculate our projects’ emission reductions, we use the Oil Climate Index (OCI+), an oil and gas emissions quantification tool developed by the Rocky Mountain Institute (RMI), an independent, nonpartisan, nonprofit.
For more details, you can read about the methodology on the International Carbon Registry and Open Carbon Protocol.
ClimateWells is focused on making the largest impact on emissions as quickly as possible. Methane is up to 84 times more potent than carbon dioxide over the next twenty years and is considered the most urgent threat to the climate goals.
We develop and implement high-integrity projects that permanently prevent methane and other harmful gases from entering the atmosphere. By closing wells, removing outdated infrastructure, and restoring land and water resources, we turn neglected energy sites into verified climate assets. Our work delivers measurable emission reductions, creates local jobs, supports healthier communities, and creates new opportunities for community reuse, agriculture, and renewable energy development.
The ClimateWells team has over 20 years of experience in energy transition systems, oilfield data and impact investing.
The beginnings of ClimateWells took shape when co-founders Reid Calhoon and Charlie Wohleber recognized a gap in the energy transition. There was a concerted effort to develop new, renewable energy sources but a very limited focus on how to handle legacy energy infrastructure.
Specifically, over half of all oil and gas wells are decades old, creating as much as 70% of oilfield methane emissions but less than 5% of production. In 2021, we began working with the Rocky Mountain Institute to help develop one of the first methodologies to quantify the climate benefits of plugging methane-emitting wells.
In 2022, we launched ClimateWells to turn that methodology into action. Today, the company partners with landowners, school districts, operators, and tribal communities to plug wells earlier, restoring land, and generating high-integrity carbon credits that make the next project possible.
Every ClimateWells project is independently verified and registered to ensure a real and tangible impact.
To calculate our projects’ emission reductions, we use the Oil Climate Index (OCI+), an oil and gas emissions quantification tool developed by the Rocky Mountain Institute (RMI), an independent, nonpartisan, nonprofit.
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