Texas Pacific Land, Milestone Carbon to Perform Permian Basin Carbon Sequestration Study

Milestone Carbon LLC will evaluate geological and geophysical characteristics of Texas Pacific Land Corp.'s Permian Basin acreage for sequestering captured CO2.

Hart Energy Staff

Texas Pacific Land Corp. (TPL) and Milestone Carbon LLC announced a letter of intent has been executed between the companies to evaluate geological and geophysical characteristics of certain acreage owned by TPL for the purposes of sequestering captured CO2, a press release announced on June 1.

Milestone Carbon will perform the evaluation, which will cover approximately 21,000 acres in the Permian Basin and, if successful, would potentially develop the acreage in connection with a carbon capture and sequestration (CCS) project.

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