Plans for a major carbon capture and storage project in Lea County, New Mexico, have been given the green light by the US Environmental Protection Agency (EPA).
Lucid Energy Group is behind the project that will sequester carbon dioxide (CO2) from its Red Hills gas processing complex – and it’s believed the be the largest of its type in the Permian Basin.
Having previously submitted a monitoring, reporting and verification plan to the EPA, the company can now safely ensure permanent carbon capture and storage (CCS) of CO2 remove from the natural gas stream during the processing and treating of the fuel from its customers.
Mike Latchem, CEO of Lucid Energy, said, “Since our entry to the Delaware Basin five years ago, Lucid has targeted investments in large-scale gas treating assets, which empower our customers to develop highly economic drilling locations with associated off-spec gas.”
”This strategy has proven beneficial for all stakeholders, as Lucid currently removes more CO2 from Permian Basin shale production than any other midstream operator. In turn, Lucid is the perfect candidate to develop the largest CCS project in the Permian Basin by simply modifying and expanding our existing operations.”
“We are committed to finding safe, creative and effective ways to serve the growing needs of our customers while reducing our environmental footprint.”