RENEWABLE PROJECT SPOTLIGHT
Large Scale Carbon Storage in the Gulf Region


Carbon Storage Project At A Glance
Dudley Houston Office
CO2 Storage in Gulf Region
Vetted tens of thousands of acres for site feasibility
Dudley land agents contacted over 80,000 acres of landowners
Clearly articulated client’s goals & value proposition to landowners
Offered landowners in a depleted O&G region income they didn’t know was possible
Secured first right of refusal for 6 months
Created custom CO2 lease form from scratch
Client Ask
Our client needed help securing leases for a carbon storage project. Their business goal was to reduce their carbon footprint and avoid government penalties for emissions.

Our Goals
Reduce client’s carbon footprint
Take advantage of government tax credits
Build surface ownership reports & abstracts for every property
Process 80,000 acres of landowner data
Determine ideal site for carbon storage
Negotiate leases for contiguous acreage
The First Project of This Scale
Our land agents tapped into their extensive experience to come up with innovative solutions for the unique challenges that came with a project of this scale.
Contiguous Acreage

Site Feasibility

No Case Law

Surface Use

Tight Margins

Extended Timeline
Landowner Relationships + Education = Success
Our Conversation Focuses:
The small surface footprint of this type of project: only 1 - 2 injection sites per 10,000 acres
How carbon storage will affect landowner’s future mineral earning potential, water quality, agricultural operations, etc.
A new source of revenue from depleted land that landowners didn’t know was even possible
Quantifying the financial benefit of giving up agricultural acreage for carbon storage
Defining Success
Our client was not the only player in the area trying to secure carbon storage leases.
Our strategy centered on identifying the right parcels and then building relationships with larger, influential landowners first. With them on board, it was easier to fill in the gaps with smaller landowners.
Our experience with leasing work was essential for forming a strategy for success in this project.
Client Wins Included:
Selecting most attractive acreage that didn’t require a large cash outlay to bring abandoned wells up to 2020 plugging standards
Securing first right of refusal for 6 months, giving our client the time they needed to finish lease negotiations
Operable lease forms that make sense for client financially and for their operations
Secured 100% contiguous acreage close to emitting site & pipeline
Agreements that:
Addressed landowner concerns about surface use & increases in revenue over time
Don’t hold client’s future operations hostage
Were highly organized (with landowner contact data) & detailed
THINK DIFFERENTLY
Let’s Talk About How Partnering with Landmen Can Save Time & Money on Your Next Renewable Project
