FOR IMMEDIATE RELEASECAPTUREPOINT ANNOUCES AGREEMENTS WITH ENERGY TRANSFERFOR CARBON CAPTURE AND STORAGE IN LOUISIANA
Agreements formalize a joint development framework and dedication of CO 2from additional Energy Transfer facilities in Louisiana
ALLEN, TEXAS, May 8, 2024 – CapturePoint LLC and affiliate CapturePoint Solutions LLC,
(together “CapturePoint”) with offices in Allen, Texas, today announced the signing of a revised
Letter of Intent (LOI) with an affiliate of Energy Transfer LP (NYSE: ET), headquartered inDallas, Texas, that provides for the joint development of a carbon capture and permanent deep
underground storage project in Louisiana. The companies also signed a definitive CO 2 Offtake
Agreement committing CO2 from Energy Transfer’s Haynesville natural gas treating facilities.
The revised LOI and accompanying CO2 Offtake Agreement dedicate CO2 that would otherwise
be emitted from Energy Transfer’s Haynesville natural gas midstream facilities to CapturePoint’sCentral Louisiana Regional Carbon Storage Hub (CENLA Hub) and provide Energy Transfer theright to participate in a joint venture that will own and operate the CENLA Hub. The LOI also
provides a framework for CapturePoint and Energy Transfer to collaborate regarding the captureand sequestration of additional CO2 from other Energy Transfer facilities in Louisiana.
The CENLA Hub is one of the largest onshore deep underground carbon storage centers underdevelopment in the United States with the capacity to permanently secure millions of tons ofCO2 annually that would otherwise be released into the atmosphere. These agreements provide
the foundation for the capture and storage of up to two million tons of CO 2 annually at theCENLA Hub.

1101 Central Expressway South, Suite 150, Allen, Texas 75013 | 832-300-8225

FOR IMMEDIATE RELEASE

page 2“Energy Transfer is one of the largest and most diversified midstream energy companies inNorth America,” noted Tracy Evans, CEO of CapturePoint. “The revised LOI and the CO 2
Offtake Agreement reflect Energy Transfer’s recognition of the CENLA Hub as one of the mostpromising deep underground CO2 storage sites in the nation. We are excited to have thissignificant commitment from Energy Transfer.”
Recent test well data from the CENLA Hub demonstrates that the unique geology of the region
could permanently sequester a total of several hundred million tons of CO 2. The Louisiana
Department of Natural Resources is currently reviewing CapturePoint’s permit applications forCENLA Hub Class VI CO2 injection sites in Vernon and Rapides Parishes.
“We want to thank our partners in the local CENLA Hub communities for their strong support
for this important economic and environmental development,” concluded Mr. Evans. “Our teamat CapturePoint is working to deliver a leading-edge project that will define the future of carbon
management in the United States.”--CapturePoint LLC and CapturePoint Solutions LLC (CPS) are privately held affiliatedcompanies with offices in Allen, Texas, together “CapturePoint,” focusing on carbon capture andstorage projects (CCUS), including the development of regional deep underground storage hubs
for large scale capture of CO2 emissions from industrial sources. In addition to the Central
Louisiana Regional Carbon Capture Hub (CENLA Hub), CPS has projects under development inColorado, Oklahoma, and Texas, and is evaluating potential ventures in several other states.
CapturePoint funders include an affiliate of Mercuria Energy (Mercuria), other institutional
investors and management. For more information, visit the CapturePoint website atwww.capturepointllc.com.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are
forward-looking statements as defined by federal law. Such forward-looking statements are
subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult
to predict and many of which are beyond management’s control. We cannot predict the lengthand ultimate impact of those risks. The firms mentioned herein undertake no obligation to updateor revise any forward-looking statement to reflect new information or events, nor to update the1101 Central Expressway South, Suite 150, Allen, Texas 75013 | 832-300-8225

FOR IMMEDIATE RELEASE

page 3status of federal or state permits or approvals or other external factors that may affect potential
future operations.
The information contained in this press release is available on our website at:www.capturepointllc.com.

Investor Relations:Tracy Evans, CEOAaron Johnson, CFO
832-300-8225
www.capturepointllc.com

Media Contact:
Sherry Tucker, VP for Communications,Gov. Relations and Community Engagement
202-258-0700 (cell)stucker@capturepointllc.com###1101 Central Expressway South, Suite 150, Allen, Texas 75013 | 832-300-8225