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Investors - SEPTEMBER 14, 2022

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EPA approves for non-EOR permanent geologic sequestration of CO2 within the state of Texas

by Released

Stakeholder Midstream has received approval from the U.S. Environmental Protection Agency (EPA) for its monitoring, reporting and verification (MRV) plan for the permanent sequestration of carbon dioxide (CO2) at its Pozo Acido injection well located in the Permian Basin near the Texas-New Mexico border.

This is the first MRV plan approved by the EPA for permanent geologic sequestration of CO2 within the state of Texas that is not associated with enhanced oil recovery operations.

Stakeholder’s MRV plan documents how the company will ensure permanent carbon capture and storage (CCS) of CO2 in the Pozo Acido well from natural gas that is processed and treated at Stakeholder’s Campo Viejo gas plant. The MRV approval, in conjunction with meeting other statutory requirements, will allow Stakeholder, and other parties who contract to permanently sequester CO2 in the Pozo Acido injection well, to qualify for 45Q tax credits, fur

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