San Antonio-based Stakeholder Midstream said Sept. 13 it received approval from U.S. Environmental Protection Agency for its MRV plan (monitoring, reporting, verification) for permanent sequestration of carbon dioxide in Permian Basin. The Pozo Acido injection well is near the Texas-New Mexico border in Yoakum County. Stakeholder said it’s the first MRV plan approved by EPA for permanent geologic sequestration of CO2 within Texas that is not associated with EOR operations. The plan documents how the company will ensure permanent carbon capture and storage of CO2 at Pozo Acido from natural gas processed and treated at Stakeholder’s Camp Viejo gas plant. The approval will allow Stakeholder and other parties with contracts to qualify for tax credits.
The state-of-the-art well injects greenhouse gas into the Devonian formation more than two miles below earth’s surface and 10,000 feet below water table. Stakeholder operates two permanent sequestration wells (also Rattlesnake injection well) that are near interstate CO2 pipelines and responsible for secure geologic storage of more than 85,000 metric tons of CO2. Stakeholder said that’s equivalent to eliminating carbon emissions of 11,000 U.S. households or 18,000 vehicles with internal combustion engines.
Brett Baker, chief commercial officer, said, “We believe by offering these services to third parties, including other gas processing plants in the Permian region and beyond, we can provide an environmentally responsible solution for CO2 emitters to reduce the carbon intensity of their operations and meet their ESG plans.”
