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Utilities and EVs: How to Drive Success

True Energy

Written by Marc Published November 29, 2024 Written by Marc Published November 29, 2024 Utilities and EVs: How to Drive Success The surge in electric vehicle sales marks an unprecedented chance for utilities. Share on Embrace EVs as a new opportunity for utilities to expand revenue and enhance customer relationships.

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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

In Louisiana, inactive wells with future utility can remain inactive for 5 years before they are required by law to be plugged. Inactive wells with no future utility must be plugged within 90 days. Similarly, the total cost of plugging wells varies case by case depending on the location, depth, and age of the well, among other factors.

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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

Recall that section 45Q provides for a credit against a taxpayer’s income tax liability based on the amount of carbon oxide (a) captured using carbon capture equipment, (b) placed in service at a qualified facility and (c) disposed of, injected, or utilized in a specified manner.

Finance 59
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One Man’s Waste is Another Man’s Treasure: Texas Appellate Court Holds that Produced Water Belongs to Mineral Owners

The Energy Law

To extract minerals from those formations, operators utilize fracing, which involves pumping certain fluid into a well at a high pressure so that fractures are created in the formations, thereby releasing the minerals that were trapped therein.

Oil 98
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TOP 7 REASONS TO PURCHASE A PLATE-AND-FRAME INSTEAD OF A SHELL-AND-TUBE HEAT EXCHANGER

Scambio Termico

P ressure Drop is Lower E fficiency R educed Maintenance F ootprint is Smaller E xpandability C apital Expense T ypes of Plates 1. In many cases, you can utilize more heat by replacing existing shell-and-tube models with compact plate and frame heat exchangers. choice for your next heat-transfer solution.

E&P 52
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Commissioner of Conservation Issues Letter Addressing Emergency Measures to Help Louisiana Oil and Gas Industry

The Energy Law

Specifically, the letter addressed the following circumstances: Plugging Requirements : Regulations require any well that has been identified by the operator as inactive with no future utility to be placed on a schedule of abandonment or plugged within 90 days.

Oil 40
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The Future of Carbon Capture and Sequestration

The Energy Law

In Texas, for example, case law has not yet settled critical questions regarding real property rights for capture, injection, and storage such as the issue of who owns the rights to lease subsurface pore space for carbon storage when the mineral and surface estates have been severed. 1] [link] [2] Nigel Bankes, Jenette Poschwatta & E.

E&A 52