A model for CCS development in Texas through 2050 and potential value to University Lands, GLO, and other landowners

Presenter

Timothy “Tip” A. Meckel, Ph.D.
Senior Research Scientist
Bureau of Economic Geology
Jackson School of Geosciences
The University of Texas at Austin

Description

Carbon capture and geologic storage is entering a rapid phase of commercial development both on- and offshore. One of the primary challenges of project development is acquiring the land lease area sized for project needs. This presentation will start with a demonstration of typical project scale, with a focus on pressure evolution in the subsurface. It will then consider some legal aspects, highlight some recent land use announcements, and consider the revenue and royalty stream that CCS may afford State land administrators such as University Lands and the General Land Office. The presentation will conclude with a high-level model for CCS development in Texas through 2050.