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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. Well Eligibility. Additionality.

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Renewable Energy Efforts Highlighted in Draft Plan to Reduce Greenhouse Gas Emissions in Louisiana

The Energy Law

Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. This process of utilization refers to the use of CO2 directly or as a feedstock in industrial or chemical processes, to produce valuable carbon-containing products, where CO2 can generate economic value.

Energy 52
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Advancement of CCS in Louisiana

The Energy Law

This month, the Office of Conservation announced its proposal to adopt Statewide Order 29-N-6, which is a set of regulations that would govern the oversight of these wells within the UIC program if the Office of Conservation is granted primacy.

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Survey of Proposed Legislation Across the States Affecting the Energy Industry in 2021

The Energy Law

However, Governor Charlie Baker vetoed the bill, citing concerns related to the interim emission target and the requirement that utilities procure more offshore wind power, among others. [7] Senate Bill 119 ( S. 5] Massachusetts lawmakers recently re-filed a historic climate bill ( S. 1] [link]. [2] 2] [link]. [3] 3] [link]. [4] 4] [link]. [5]

Energy 52
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Advancement of CCS in Louisiana

The Energy Law

This month, the Office of Conservation announced its proposal to adopt Statewide Order 26-N-6, which is a set of regulations that would govern the oversight of these wells within the UIC program if the Office of Conservation is granted primacy. [2] into deep rock formations beneath the Earth’s surface.

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Survey of Proposed Legislation Across the States Affecting the Energy Industry in 2021

The Energy Law

However, Governor Charlie Baker vetoed the bill, citing concerns related to the interim emission target and the requirement that utilities procure more offshore wind power, among others. [7] Massachusetts lawmakers recently re-filed a historic climate bill ( S. 1] [link]. [2] 2] [link]. [3] 3] [link]. [4] 4] [link]. [5] 5] [link]. [6]

Energy 40