The U.S. Bureau of Land Management gave final approval to grant a Mineral Leasing Act right-of-way to water solutions provider Cadiz for the company’s Northern Pipeline, two years after the line was purchased from Kinder Morgan’s El Paso Natural Gas, Cadiz announced in a press release Dec. 15.
Cadiz, located in California, seeks to solve water supply issues through non-traditional means. In the case of the Northern Pipeline, the company will use infrastructure built to transport natural gas to move water instead.
Cadiz bought the 220-mile Northern Pipeline from EPNG in 2020. The line extends east from California’s center valley near Bakersfield to the Cadiz Ranch in San Bernardino County. Cadiz will use the line to pump groundwater to Cadiz projects in the Mojave Desert.
“The Northern Pipeline is the backbone of Cadiz’s clean water and clean energy projects,” Susan Kennedy, executive chair of Cadiz, said in the press release. “Repurposing existing fossil-fuel infrastructure to support clean water, green hydrogen and low-emission generation is the key to climate adaptation.”
The plan is opposed by environmentalists in the area. In 2022, a judge vacated the right-of-way permit, pending the review by the Bureau of Land Management completed on Dec. 15. Opponents argued that the removal of aquifer water would damage the natural resources around Joshua Tree National Park.
Recommended Reading
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
Baytex Prices Upsized Private Placement of Senior Notes
2024-03-15 - Baytex intends to use the proceeds to pay a portion of outstanding debt on its credit facilities and general corporate purposes.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.