Happy Wednesday! Hope everyone is making due with the current lack of power and cable and for those lucky enough to have regained their utilities; please enjoy it for us!
Be careful driving around! This morning approximately 1300 traffic lights
were still out; please treat it as a four-way stop and be courteous!
Did anyone see The Houston Chronicle’s Business Section on July 5, 2024, reprint of the article from Inside Climate News titled, “Texas seeks proposals for offshore carbon capture – State trying to mitigate climate change and greenhouse gases”? The article is in regard to Texas General Land Office (GLO) opening a request for proposals (RFP) for carbon capture in our state-owned waters in June with proposals due in October. GLO has made this request three times since 2021. The area up for development is approximately million acres which are located in the state open waters in Lavaca Bay to the southern part of Laguna Madre, then offshore of South Padre Island, Matagorda Island, Freeport, and the Bolivar Peninsula. The carbon capture and sequestration (CCS) has been around for a while, but now the federal government has made bigger incentives which has made the industry more tantalizing for the oil and gas industry. As of this article the Environmental Protection Agency (EPA) has yet to permit a “Class VI” well in Texas; currently Texas has 13 permit applications waiting for review. Texas Railroad Commission has applied to the EPA for approval to permit its own Class VI wells like the authority Louisiana, Wyoming and North Dakota have been given. The monies from the offshore leases will fund the Permanent School Fund. If you would like to read more of the reprinted article from The Houston Chronicle, please click the link: Texas opens more coastal waters for carbon storage wells (chron.com).
If you would
like more information about the Request for Proposals from Texas General
Land Office, please see the link above.
If you would like help in looking
into how to update your liquids terminal to keep up with the low-carbon world,
contact us via the email in the blog and check out our ESC's website!
We hope you have a great and
productive rest week! We will be hoping tomorrow
life gets more back to normal.
**Disclaimer – The Houston
Chronicle may charge a fee to read this article. **