EKARD

Ekard is the Industry’s only turn-key solution for asset decommissioning, environmental monitoring and offset carbon credit exchange services.

Who We Are

EKARD is an energy transition company who blends environmentally responsible retirement of wells and facilities with a rigorous project validation and monitoring process resulting in the authentication, registering and open exchange of carbon offset credits. 

EKARD which is Drake spelled backwards, is a testament to the start of our industry, and a reflection of our aim to Walk Back its impact to the environment.

Our Mission is to reduce the carbon footprint of the energy industry by eliminating the P&A emission liabilities associated with orphaned and non-producing wells and providing access to a trusted market for the listing, purchase and retirement of Environmental credits.

Background

EKARD was formed in 2023 when Entoro and Arkose Energy combined the synergies between their companies to provide a complete turn-key solution for asset decommissioning, environmental monitoring and offset carbon credit exchange services. Ekard uses Capturiant as a service provider. Capturiant is a global integrated validator, authenticator, registry and regulated exchange of environmental assets including carbon offsets.

Entoro is a global Investment Bank, Broker-Dealer, Commodity Pool Operator, and RIA. Entoro offers deep sector expertise in alternative sectors in investment banking, commodities, and equities in the USA and globally.
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Some of the services Entoro provides include: Capital Formation, Financial and M&A Advisory, Blockchain Advisory and Strategies, Regulation A+, CF, D, and S, Asset Management, and Entoro Insurance Services. 

ARKOSE is an energy transition company focused on performing environmentally responsible operations capable of generating carbon offset credits associated with asset retirement, emission mitigation and extending economic production from legacy fields.
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The Company optimizes cash flow through carbon credit trading and the use of continuous field monitoring and emerging technologies that increase operation efficiency, reduce costs, improve safety and protect the environment.

Current Challenges

Global emission challenge

Methane is the primary component of natural gas and is considered the leading contributor to global warming.

Methane emissions produce a greenhouse gas effect that is 86 times more potent per ton than CO2 over a 20-year timeframe. 

Approximately 2.3 % of methane produced is lost to the atmosphere before it reaches consumers.

EPA estimates annual methane emissions from abandoned wells is equal to emissions from 2.1 million vehicles per year.

Wasteful methane emissions pose a serious challenge to the O&G industry as it diminishes the role of natural gas in the future energy system. 

Mitigating methane risk presents a huge challenge and  business opportunity globally.

Orphaned Well Challenge

There are over 131,000 documented orphaned wells in the U.S.

Total estimated number of undocumented orphaned wells reported by the states is between 310,000 and 800,000.

According to a 2015 study cited by the EPA, unplugged wells leaked significantly more methane than plugged wells.

The 2022 Infrastructure Law includes $4.7 B of funds for mitigating some of the abandoned well liabilities.

Arkose Energy Solutions

Well Remediation

Conduct environmentally responsible abandonment operations on orphaned wells and assets with large retirement obligations

Well Life Extension

Perform operations that efficiently develop PDP reserves and convert PDNP to PDP wells where proven remaining economical reserves exist

Methane Abatement

Establish distributed natural gas power generation from stranded gas assets or flare recovery for use by industries such as Crypto Mining or sale through a Power Purchase Agreement

Remote Monitoring

Measure concentrations and rates of fugitive emissions and continuously monitor field operations to increase efficiencies, reduce costs and improve performance

Arkose Energy Solutions

Well Remediation

P&A Operations:

Conduct environmentally responsible abandonment operations on orphaned wells and assets with retirement obligations.

Decommissioning:

Remove related surface facilities and restore locations to natural setting.

Strict Compliance:

Utilize vetted procedures to meet regulatory and carbon credit validation requirements.

Well Life Extension

PDP Production:

Efficiently develop remaining O&G production using advancements in recovery technologies and methods.

Convert PDNP to PDP:

Selectively return wells to production with clearly defined remaining economic reserves.

New Wells:

Drill new wells in producing reservoirs where new drilling or completion methods can economically increase reserves.

Methane Abatement

Stranded Gas & Flare Recovery:

Establish distributed power generation from stranded gas assets or flare recovery for use in industries such as Crypto Mining or the sale through a Power Purchase Agreement.

Emerging Technologies:

Creatively incorporate emerging emission reduction solutions to overcome specific operational challenges.

Remote Monitoring

Methane Emissions: 

Measure concentrations and emission rates during remediation efforts.

Operation Performance:  

Continuously monitor field operations and utilize advanced analytics to increase efficiencies, reduce costs, identify equipment failures and protect the environment.

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Capturiant Solutions

Offset Validation

Efficiency:

Sub-30-day turnaround accelerates progress and profitability for developers.

Risk Management:

Consolidated, standardized and warrantied approach creates vetted credits rooted in scientific methodologies.

Credibility:

Experienced SEC/FINRA-licensed team with distinctive energy industry backgrounds.

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Offset Authentication

High Scrutiny: 

Thorough project audits ensures legitimacy of minted credits, providing buyers peace of mind.

Satisfy Needs:

Process designed to meet regulators and credit buyers' standards.

ESG Certification: 

Rigorous authentication provides strong foundation for buyers ESG claims.

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Offset Registry

High Tech:

Distributed Ledger Technology enables tracking of credit origin, ownership, transfer and retirement.

Transparent:

Open access to credit data and due diligence for independent due diligence review.

Auditable:

Extensive documentation available for independent credit quality evaluations.

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Offset Exchange

Regulated Exchanges:

Exchange transactions are conducted domestically through EntoroCX and internationally through Capturiant, Ltd. in the Bahamas.

Clearinghouse:

Credits and funds transfer at the same time preventing double-sale and non-delivery.

Liquidity:

Higher standards, teamwork, and deal pipeline inspires confidence and enables growth of a liquid credit market.

Arkose Business Model

Consolidate assets where cash flow from Company’s solutions is optimized by blending efficient production methods, methane reduction operations, digital oilfield technologies and an open carbon offset exchange. 

Partner with Ekard

Monetize Abandoned Assets

With Ekard, orphaned wells are no longer liabilities. We turn them into profitable assets by leveraging carbon credit opportunities.

Maximize Federal Funds

We've mastered the art of capitalizing on available federal funds for well plugging, ensuring you get the best value from each well.

Offset with Confidence

In an era of heightened environmental awareness and focus on ESG, purchasing Ekard carbon credits shows a commitment to reliable and impactful emission reduction efforts.

End-to-End Service

We've mastered the art of capitalizing on available federal funds for well plugging, ensuring you get the best value from each well.

Leadership

Bo Ritz
Chairman
Douglas Nester
CEO
Amzy Hibler
CFO
Rusty Ritz
VP Well Operations
Matt McDaniel
VP Facilities
30+Years experience in investment banking and as an O&G producer
30+Years experience in global O&G Operations and as an independent producer
30+Years experience O&G accounting, planning and budgeting
30+Years experience in well engineering, completions, P&A operations and fieldsupervision
30+Years experience in the installation and decommissioning of onshore and offshore facilities globally
Bo Ritz
Chairman
Douglas Nester
CEO
Amzy Hibler
CFO
Rusty Ritz
VP Well Operations
Matt McDaniel
VP Facilities
30+Years experience in investment banking and as an O&G producer
30+Years experience in global O&G Operations and as an independent producer
30+Years experience O&G accounting, planning and budgeting
30+Years experience in well engineering, completions, P&A operations and fieldsupervision
30+Years experience in the installation and decommissioning of onshore and offshore facilities globally
Partner with Ekard

Monetize Abandoned Assets: With Ekard, orphaned wells are no longer liabilities. We turn them into profitable assets by leveraging carbon credit opportunities.

Maximize Federal Funds: We've mastered the art of capitalizing on available federal funds for well plugging, ensuring you get the best value from each well.

Offset with Confidence: In an era of heightened environmental awareness and focus on ESG, purchasing Ekard carbon credits shows a commitment to reliable and impactful emission reduction efforts.

End-to-End Service: From acquisition to plugging, our team manages the entire process, ensuring compliance, safety, and efficiency at every step.

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