Happy Monday! Welcome back to another week of ESC News Blog!
We love articles which tie to our
previous Blogs. We blogged about Oxy’s
subsidiary 1PointFive and its projects in East Texas “Bluebonnet”, West
Texas “Stratos”, Louisiana “Magnolia” and their South Texas DAC Hub last
Fall for either receiving federal funds or an update. Well, 1PointFive is in the news again
this time for accomplishing a milestone.
Did anyone happen to read the
Oil & Gas Journal’s Daily Update on April 7, 2025, they had an article
titled, “Occidental, 1PointFive secure Class VI permits to sequester CO2 from
Texas DAC plant”? The article is on Oxy
Low Carbon Ventures LLC (OLCV) has recently secured a Class VI Permit for 3 of
its wells for its 1PointFive’s “Stratos”
Project in Ector County, Texas. The Class
VI Well permit falls under the purview of the U.S. Environmental Protection
Agency’s (EPA) Safe Drinking Water Act, and this type of permit needs constant
monitoring which includes well reliability, ground water quality and circulation
of carbon dioxide (CO2) as well as they need to have emergency contingencies and
a plan for plugging. 1PointFive’s “Stratos”
project met all the requirements for it to receive the permit. OLCV parent company is Occidental Petroleum
Corporation (OXY). OLCV subsidiary is 1PointFive
and a couple other innovative companies spearheading the carbon capture and
sequestration or lithium extracting technologies. The “Stratos” project is expected to
be up and running later this year and may be the largest direct air capture
facility anywhere. We wish them luck
moving their projects forward and we will let you know, if we hear anything
else! If you would like more information
on this article from Oil and Gas Journal, please click the links: Occidental,
1PointFive secure Class VI permits to sequester CO2 from Texas DAC plant | Oil
& Gas Journal.
We will keep you posted on the
State of Texas and their quest to issue Class VI Well permits, too! The EPA, so far has been quiet since issuing
West Virginia earlier this year. Check out
our Blog in January for details.
Don’t forget to check out our ESC website or contact us via the email in the Blog, if
you have a hydrocarbon liquids project you would like to see get off the ground
or you would like to see what’s under your feet to help with your emissions!
We hope you have a great week!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **