South Dakota Carbon Dioxide Storage Lease

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Multi-State
Control #:
US-OG-951
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Word; 
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This form is a carbon dioxide storage lease.
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FAQ

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.

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South Dakota Carbon Dioxide Storage Lease