Lucid to Develop Largest CCS Project in the Permian Basin

Lucid Energy Group laid out plans on Jan. 11 to develop the largest carbon capture and storage (CCS) project in the Permian Basin.

“Since our entry to the Delaware Basin five years ago, Lucid has targeted investments in large-scale gas treating assets, which empower our customers to develop highly economic drilling locations with associated off-spec gas,” Lucid CEO Mike Latchem commented in a company release.

Based in Dallas, Lucid Energy Group is the largest privately held natural gas processor in the Permian Basin. The company’s gathering and processing system is centered in the northern Delaware Basin, strategically located in the two most active counties in the Lower 48—New Mexico’s Eddy and Lea counties.