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Will Texas General Land Office grant more offshore carbon storage leases by end of 2024?
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Announcements from the Texas General Land Office
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Exxon Mobil ($XOM) Secures Major Offshore Carbon Storage Lease in Texas
Oct 10, 2024, 12:47 PM
Exxon Mobil ($XOM) has secured the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico. This marks the largest offshore carbon dioxide storage lease in the U.S., executed with the Texas General Land Office. The move is part of Exxon Mobil's efforts to expand its Gulf Coast carbon storage network.
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Accept offer • 25%
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Request modifications • 25%
No response • 25%
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Industrial plants • 25%
Power plants • 25%
Refineries • 25%
Other sources • 25%
Completion of infrastructure setup • 25%
First million tons of CO2 stored • 25%
Partnership with new emitters • 25%
No major milestone achieved • 25%
