The South Dakota Carbon Dioxide Storage Lease refers to a legal agreement that allows for the storage of carbon dioxide (CO2) in underground reservoirs within the state of South Dakota. This lease enables companies or entities to store their CO2 emissions in geological formations such as deep saline formations or depleted oil and gas reservoirs. One of the significant reasons for implementing carbon dioxide storage leases is to mitigate greenhouse gas emissions and combat climate change. Through storing CO2 underground, South Dakota aims to reduce the release of this greenhouse gas into the atmosphere, preventing its contribution to global warming. There are various types of South Dakota Carbon Dioxide Storage Leases categorized based on different geological formations used for CO2 storage. These include: 1. Deep Saline Formations Lease: This type of lease allows for the storage of carbon dioxide in deep underground saline aquifers, which are layers of permeable rock formations saturated with saltwater. These formations provide vast storage capacity and typically have low permeability, making them well-suited for long-term CO2 storage. 2. Depleted Oil and Gas Reservoirs Lease: This lease permits the storage of carbon dioxide in reservoirs that were previously exploited for oil or natural gas and are no longer economically viable. These depleted reservoirs have already demonstrated their ability to retain hydrocarbons over long periods, making them favorable for CO2 storage. 3. FOR (Enhanced Oil Recovery) Lease: This type of lease involves injecting carbon dioxide into oil reservoirs to enhance oil recovery. While the primary objective here is to extract additional oil, the process also sequesters carbon dioxide underground, aiding in its storage. To secure a South Dakota Carbon Dioxide Storage Lease, interested parties must go through a comprehensive application and evaluation process, ensuring compliance with regulatory frameworks and environmental safeguards. Factors such as the suitability of the storage site, the geological integrity of the reservoir, and the potential for leakage are thoroughly assessed to ensure safe and effective CO2 storage. The South Dakota Carbon Dioxide Storage Lease represents a progressive approach towards addressing climate change and achieving a cleaner, more sustainable future. By enabling the storage of carbon dioxide, this lease contributes to the reduction of greenhouse gas emissions and promotes the adoption of carbon capture and storage technologies.
South Dakota Carbon Dioxide Storage Lease
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Citing an article from the Argus Leader, the Dakota Free Press notes that Summit Carbon has initiated over 80 lawsuits against landowners in Beadle, Brown, Codington, Edmunds, Hand, Kingsbury, Lake, McPherson, and Spink counties who refused to sign easement agreements with the company.
Keeping the lid on CO2 stored underground Over time, the CO2 trapped in reservoirs will often begin to chemically react with the minerals of the surrounding rock. The elements bind to create solid, chalky minerals, essentially locking the CO2 into the rock in a process called 'mineral storage'.
Carbon stored underground could find multiple ways to escape and seep back into the atmosphere due to chemical reactions that take place between the carbon dioxide, rocks, water in the pores and even the cement from abandoned wells, ing to researchers from Penn State University.
Burial in sediments removes organic carbon (OC) from the short-term biosphere-atmosphere carbon (C) cycle, and therefore prevents greenhouse gas production in natural systems.
In South Dakota, eminent domain gives the government the power to take your property, even if you don't want to sell.
Heat and pressure compress the mud and carbon over millions of years, forming sedimentary rock such as shale. In special cases, when dead plant matter builds up faster than it can decay, layers of organic carbon become oil, coal, or natural gas instead of sedimentary rock like shale.
But such technology is expensive?about $600 per ton of CO2, by one recent estimate. Now, in a new study, scientists say future chemical plants could drop that cost below $100 per ton?which could make synthetic fuels a reality in places such as California that incentivize low-carbon fuels.
Studies have shown that CO2 can be safely stored underground, such as in deep, porous rock formations, for thousands of years, and we've even found natural pockets of CO2 that have existed for millions.
Estimated costs for sequestering up to 500 million tons of carbon per year?an amount that would offset up to one-third of current annual U.S. carbon emissions?range from $30 to $90 per ton.