Tiffany Dowell Lashmet and Karli Kaase, with Texas AgriLife Extension, have put together a great resource for landowners considering carbon contracts. It can be found here. Tiffany has regular blog posts providing great information for landowners.
Since passage by Congress of the Inflation Reduction Act (IRA) in 2022, significant activities and developments have taken place in Texas regarding carbon capture and underground storage (CCUS) projects. The IRA provides tax credits for injection and underground storage of carbon dioxide. As a result, major companies have begun developing…
Last June the Corpus Christi Court of Appeals decided that the right to store oil in a salt cavern belongs to the surface owner. In Myers-Woodward, LLC v. Underground Services Markham, LLC, et al., No. 13-20-00172-CV, the court addressed a dispute between Myers-Woodward, which owned the surface estate and a…
The King Ranch Institute for Ranch Management at Texas A&M University – Kingsville has published a webinar and a white paper on how ranchers should consider whether to enter into agreements to change their ranch practices to increase CO2 in their soil, generating carbon credits. Links to the webinar and…
Last week the Supreme Court of North Dakota handed down its opinion in Northwest Landowners Association v. State of North Dakota, 2022 ND 150. The court struck down portions of a statute passed by the North Dakota Legislature, Senate Bill 2344, dealing with ownership rights to “pore space.” North Dakota…
The Inflation Reduction Act, passed by the Senate yesterday and on its way to passage in the House, contains carrots and sticks for reducing methane emissions in the oil and gas sector. From Inside Climate News: One of the least discussed, but potentially most significant, climate aspects of the proposed…
The Cockrell School of Engineering at the University of Texas in Austin this week issued a report, three years in the making, “Don’t Mess with Texas: Getting the Lone Star State to Net-Zero by 2050.” The study was co-authored by Vibrant Clean Energy and the University of Colorado Boulder. Funding…
Talos Energy announced that it has signed a lease with the Texas General Land Office for more than 40,000 acres offshore to store CO2 captured from industrial sites along the coast. Talos said it is capable of storing up to 275 million metric tons of Co2 and is “the first…