Lucid Energy Group Receives Milestone Approval from EPA, Carbon Capture and Secure Storage
Lucid Energy Group, a major player in the Permian Basin, announced the U.S. EPA approved the company’s previously submitted monitoring, reporting and verification (“MRV”) plan to sequester carbon dioxide (“CO2”) from its Red Hills gas processing complex in Lea County, New Mexico. The plan, following subsequent approval by the Internal Revenue Service, will provide section 45Q tax credits for the sequestration and permanent storage of CO2 in Lucid’s existing and permitted disposal wells.
McCoy CCUS Project ID: 75645