Our diverse range of services includes Salt Cavern Engineering, Regulatory Expertise, Natural, Oil, and Hydrogen Underground Storage. Salt caverns are one of three principal means of natural gas storage because they allow very little of the injected natural gas to escape.

 
 

Nature.com > Scientific Reports Online Article:
“Sensitivity analysis of operation parameters of the salt cavern under long-term gas injection-production”
Zhang, H., Wang, P., Wanyan, Q. et al. Sensitivity analysis of operation parameters of the salt cavern under long-term gas injection-production. Sci Rep 13, 20012 (2023). https://doi.org/10.1038/s41598-023-47352-w
Published November 16, 2023

Scientific Reports volume 13, Article number: 20012 (2023)

“Introduction

“INTRODUCTION: In recent years, the emergencies and the local war occur frequently in the world, and China’s dependence on the foreign natural gas has gradually increased (Fig. 1), making the energy security situation increasingly serious1. Due to the excellent creep properties, low permeability, plastic deformation capacity, and recovery performance of the salt rock, the salt cavern has become an ideal place for deep underground energy storage2,3,4. Therefore nearly 100 deep underground salt rock storages have been built and put into operation world-wide. However, due to the long-term operation of the foreign salt cavern in the past three decades, the creep of salt rock, which is affected by the improper internal pressure control, has caused catastrophic accidents as fires and explosions, cavern failure, and surface subsidence. Such accidents can be sudden and destructive, and posing a large danger to the safety and the environment (Table 1)5,6,7,8,9. For example, in the 1990s, the Stratton Ridge salt cavern in Texas was collapsed due to the excessive creep of the salt rock, which created unsafe conditions for the injection-production process7. In 2001, the Yaggy salt cavern in Kansas collapsed during the gas injection-production, which is caused by the oil and gas leakage, and hundreds of people lost their lives due to fires and explosions8.”

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The Sequestration Tax Credit (45Q)

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The tax credit for carbon oxide sequestration—often referred to using its IRC section, 45Q—is computed per metric ton of qualified carbon oxide captured and sequestered. (Before 2018, the tax credit was exclusively for CO2.) The amount of the credit, as well as various features of the credit, depend on when the qualifying capture equipment is placed in service

The Bipartisan Budget Act of 2018 (P.L. 115-123), which was signed into law on February 9, 2018, made numerous changes to the Section 45Q tax credit, as discussed below.

For the purposes of the tax credit, qualified carbon oxide is a carbon oxide that would have been released into the atmosphere if not for the qualifying equipment. To claim a tax credit, the emissions must be measured at the point of capture as well as at the point of disposal, injection, or other use. If the captured carbon oxide is intended to be sequestered, it must be disposed of in “secure geological includes “storage at deep saline formations, oil and gas reservoirs, and unminable coal seams.” The taxpayer has to repay the tax credit (credit recapture) to the Treasury if the carbon oxide ceases to be captured, disposed of, or used in a qualifying manner (i.e., if it escapes into the atmosphere).

Navigator CO2 Ventures Linkedin Article Excerpt:

"Navigator CO2 Ventures announced today the successful conclusion of the non-binding open season of its #carboncapture pipeline system ("CCS"). The proposed #CCS project seeks to provide biorefineries and other industrial participants a long-term, economic path to materially reduce their carbon footprint by capturing and transporting #CO2 through 1,200 miles of #pipeline across five Midwest states to a permanent #sequestration site...”

Successful Disposal Well Drill Project completed in Liberty, Texas.

Lonquist & Co., LLC would like to thank our client for the opportunity to drill a disposal well in Liberty, Texas
Lonquist Services provided included wellsite supervision, engineering, regulatory, geology and HSE.

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Successful test well drill project completed in Hackberry, LA.
Lonquist Services provided included wellsite supervision, engineering, regulatory, geology and HSE.

Chart:
Carbon capture costs shake out based on Great Plains Institute’s research.
Grand Plains Institute

Testimonial:
Providing wellsite supervision, engineering, regulatory, geology and HSE for well drilling project in St. Clair, Michigan.

*Reference: Wikipedia.org