ADDING MULTIMEDIA Piñon Midstream Secures MRV Approval from the EPA for Carbon Capture and Sequestration Operations at its Dark Horse Treating Facility
2024年6月19日 - 12:08AM
ビジネスワイヤ(英語)
- Milestone MRV approval represents only the second EPA-approved
facility for non-EOR permanent geologic sequestration of CO2 in the
state of New Mexico
- EPA approval of MRV plan satisfies a major requirement for 45Q
tax credit eligibility
- Piñon Midstream sequestered ~100,000 metric tons of CO2 in 2023
and expects to sequester over 190,000 metric tons of CO2 over the
next twelve months
Piñon Midstream, LLC (“Piñon”) is pleased to
announce that it has received approval from the United States
Environmental Protection Agency (“EPA”) for its monitoring,
reporting and verification (“MRV”) plan for the permanent
sequestration of carbon dioxide (“CO2”), a greenhouse gas,
in its two acid gas injection (“AGI”) wells located at
Piñon’s Dark Horse Treating Facility in Lea County, New Mexico.
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Piñon Midstream's Carbon Management
Infrastructure at the Dark Horse Treating Facility. Source: Piñon
Midstream
Piñon’s Dark Horse Treating Facility is the largest AGI system
that is currently permitted and operating in the state of New
Mexico. Both of Piñon’s AGI wells—Independence AGI #1 and
Independence AGI #2—are Devonian wells, reaching depths of
approximately 18,000 feet (3.4 miles) below the surface into rock
formations located several thousand feet below water aquifers and
existing Delaware Basin oil and natural gas producing
formations.
The two AGI wells are permitted for a combined 20 million cubic
feet per day (20 MMcf/d) of CO2 and hydrogen sulfide (“H2S”)
injection, which equates to ~250,000 metric tons (“MT”) of
CO2 and ~110,000 MT of H2S annually based on current gas
compositions. These two wells provide sequestration redundancy for
Delaware Basin operators who use Piñon’s scalable and centralized
treatment and sequestration facility to mitigate flaring and unlock
valuable drilling inventory in the area.
Piñon’s approved MRV plan, which became effective June 15, 2024,
provides a full description of technical procedures for
sequestration, monitoring, and verification that have been put in
place at the Dark Horse Treating Facility to ensure permanent
sequestration. The approved MRV plan also satisfies a major
requirement for Piñon’s eligibility to receive 45Q and enhanced tax
credits in accordance with the Inflation Reduction Act of 2022.
“Piñon was founded to create sustainable and scalable sour gas
infrastructure solutions,” said Piñon’s Chief Executive Officer
Steven Green. “Having now received both the MRV plan approval from
the EPA and an NSR air permit from the State of New Mexico, and
with our most recent capacity expansions up and running, we believe
we are in position to become the Delaware Basin’s leading sour gas
treating and carbon management provider,” Green said.
From inception in August 2021 through 2023, Piñon has reduced
the environmental impact of oil and natural gas production through
the capture and permanent geologic sequestration of ~160,000 MT of
CO2 and ~65,000 MT of H2S, which is the annual emissions equivalent
of approximately 35,000 vehicles or 21,000 households. At its
current operational rate, Piñon’s Dark Horse Treating Facility is
projected to capture and sequester more than 190,000 MT of CO2 and
90,000 MT of H2S over the next twelve months.
About Piñon Midstream
Piñon Midstream was formed in 2020 through an initial equity
commitment from Black Bay Energy Capital, to offer sustainable and
cost-effective solutions for sour natural gas production in the
Delaware Basin. Piñon provides a comprehensive suite of services,
including fully NACE compliant field gathering and compression,
amine treating, permanent sequestration of CO2 and H2S, sour
condensate stabilization and marketing, and high-pressure
redelivery of treated natural gas to multiple regional processing
facilities and producers. For more information, please visit
pinonmidstream.com.
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Media: Redbird Communications Bevo Beaven Mobile: 720-666-5064
Email: bevo@redbirdpr.com