Title: Establishes More Requirements for Companies to Receive Carbon Dioxide Well Permits
Vote to adopt a conference report vote and pass a bill that establishes new requirements companies must follow in order to receive a carbon dioxide well permit.
Requires companies to submit a notice to the governing authority of the parish if they intend to construct and drill an oil well or carbon capture facility or project (Sec. 1).
Specifies that any revenue collected due to contractual obligations for oil well construction and operation by the office of mineral resources shall be remitted to the state treasury (Sec. 1).
Specifies that 30% of the revenue given to the treasury shall be used for mineral and energy operation funds (Sec. 1).
Specifies that 30% of the revenue received will be given to the parish or parishes where the project is located (Sec. 1).
Specifies that the rest of the revenue remitted to the treasury shall be given to the state general fund (Sec. 1).
Specifies that nothing in this section shall impact prior relationships or contracts related to the collection of funds (Sec. 1).
Specifies that notifications of construction must be made to the parish president, police jury president, or mayor-president, depending on the form of parish government, and a public hearing conducted by a hearing officer appointed by the assistant secretary for the office of mineral resources must be conducted to satisfy notice requirements (Sec. 1).
Authorizes the revenue collected by the Office of Mineral Resources from contractual obligation from the building of a carbon capture facility beneath state owned land or water bottoms will be deposited into the treasury (Sec. 1).
Specifies that 30% shall go to the Mineral and Energy Operation Fund (Sec. 1).
Specifies that 30% shall go to the parishes (Sec. 1).
Specifies that the remaining revenue shall be deposited into the state general fund (Sec. 1).
Requires the applicant for a permit to drill a well to supply and environmental impact analysis to the parish (Sec. 1).
Specifies that the following questions must be answered by the environmental analysis in order to receive a permit to drill and construct (Sec. 1):
Has real and adverse environmental damage been avoided;
Has a cost-benefit analysis of the project ensured that the social and economic benefits outweigh the costs;
Are there alternative activities which would offer more environmental protection while keeping non-environmental benefits;
Are there alternative sites for construction that would offer more protection to the environment;
Are there mitigating measures that would provide more protection for the environment in the construction of the well.
Requires the owner and operator of the well to send a report concerning the following items to the commissioner (Sec 1).
Any changes to the carbon dioxide stream;
Monthly average for injection pressure;
Monthly volume and mass for carbon dioxide stream;
Additional information at request.
Requires the owner and operator of a well to submit the following information less than 24 hours after the occurrence of the following (Sec. 1).
Evidence that the carbon dioxide stream may endanger and underground source of drinking water;
Evidence that there is non-compliance with permit condition;
Failure to maintain mechanical integrity.
Requires the commissioner to send a certificate of completion of injection operations after no earlier than 50 years of operation if following conditions are met (Sec. 1):
The facility does not endanger underground drinking water reserves;
The facility has followed all previous regulation regarding the post-injection monitoring;
The facility is closed and has followed all closure procedures;
Specifies that the the release from duties shall not apply if there is non-compliance with the above regulations
Specifies that the commissioner will be the one to determine if the owner and operator has done a deficient job (Sec.1).
Specifies that the commissioner will carry out his duty and make sure that construction complies with Safe Drinking Water Act (Sec. 1).
Specifies that once $10 million dollars has been deposited to the fund by the owner and operator the fee assessment shall cease for the owner and operator (Sec. 1).
Specifies that the fund shall be not used for any additional purposes unless approved by the state legislature (Sec. 1).
Authorizes parties to record geologic storage agreement (Sec. 1).
Specifies that parties seeking a geographical and geological survey must give parish’s notice in advance prior to the survey being conducted (Sec. 1).
Title: Establishes More Requirements for Companies to Receive Carbon Dioxide Well Permits
Title: Establishes More Requirements for Companies to Receive Carbon Dioxide Well Permits
Title: Establishes More Requirements for Companies to Receive Carbon Dioxide Well Permits