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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Calpine and ExxonMobil Sign CO2 Transportation and Storage Agreement for CCS Project in Texas

LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.

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Industry News

Enron India's Sale of Gas Assets to BG in Peril

LCG, Oct. 11, 2001--The agreed upon sale by Enron India Oil and Gas of its 30 percent interest in three oil and gas fields to BG Plc of the UK (the former British Gas) is imperiled by the desire of India's Reliance Industries Ltd. to operate the fields after the change of ownership.

Enron's agreement with BG is contingent upon the U.S. company continuing to operate the Panna, Mukta and Tapti fields, which lie off India's western coast, and are considered among the more promising recent finds in the country.

The three fields produce among them about 8 million cubic feet of natural gas per day.

Reliance, which also owns a 30 percent stake in the fields, has applied to the government to be appointed the operator, which could derail the deal, according to sources in India.

Enron said it wants to sell its interest in the fields in order to concentrate on its energy trading business, but the company has also said it wants to simply exit India because of problems with its 65 percent owned Dabhol Power Co. in the Indian state of Maharashtra.

BG said it wants the Panna, Mukta and Tapti fields to supplement its interests in gas distribution and liquefied natural gas in India.

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