Carbon Credit Parameters: Walker Ranch

Name: Walker Ranch
Hash: 0x09e3f8a8fec55ea3fb7681c1106507e62dd140c9
Token: T-CC.WR6898
InsCoverage: None
RatingProvider: N/A
RatingScore: N/A
Auditor/Verifier: Trace Pro LLC
Asset Description:
N/A...
N/A
Minting Day: 09/19/2025 15:32:41
IssuedQ: 321,068.0000
BufferQ: 16,053.4000
OpenQ: 321,068.0000
RetiredQ: 0.0000
MintPX: $16.50
Deal Description:
The Walker Ranch (BCarbon Methane Capture and Reclamation CBX-001-17) Project is a targeted methane mitigation initiativ...
The Walker Ranch (BCarbon Methane Capture and Reclamation CBX-001-17) Project is a targeted methane mitigation initiative focused on permanently eliminating emissions from neglected and abandoned oil and gas wells. The project involves the plugging and reclamation of 17 methane-leaking wells, ensuring the complete cessation of emissions and the ecological restoration of the surrounding land (project co-benefits).
Sustainable Development Goals (SDGs):
Data room:
Triangle Registry Params Value
Instrument Category
Carbon Credit...
Carbon Credit
Instrument Type
Engineered - Avoidance...
Engineered - Avoidance
Instrument Subtype
Oil and Gas Well Capping...
Oil and Gas Well Capping
Carbon Credit Frequency
One-time...
One-time
Source Of This Asset
D-MRV...
D-MRV
D-MRV Network Source
Private network NFT (Triangle)...
Private network NFT (Triangle)
Contract Type
As Produced...
As Produced
Carbon Credit Registry
Triangle...
Triangle
Carbon Credit Protocol / Methodology Name
Methane Emissions Elimination through Well Plugging Protocol - V2.0...
Methane Emissions Elimination through Well Plugging Protocol - V2.0
Tag Name
This Protocol issues carbon credits for plugging eligible wells using historical production decline curve analysis combined with a leak estimation model....
This Protocol issues carbon credits for plugging eligible wells using historical production decline curve analysis combined with a leak estimation model.
Carbon Credit Protocol / Methodology #
Version 2.0...
Version 2.0
Carbon Credit Protocol / Methodology ID
EEB7A7E689AFADB5C505A1605ACB4AFC...
EEB7A7E689AFADB5C505A1605ACB4AFC
Carbon Credit Calculation Parameters Description
The carbon credit calculation parameters in the BCarbon Methane Capture and Reclamation Protocol are designed to ensure conservative, transparent, and scientifically grounded estimates of avoided emis...
The carbon credit calculation parameters in the BCarbon Methane Capture and Reclamation Protocol are designed to ensure conservative, transparent, and scientifically grounded estimates of avoided emissions. The process begins with establishing baseline emissions, defined as the methane that would have leaked from wells in the absence of the project, using production decline curve analysis and a leak probability model. Reservoir content and leak estimates are then translated into carbon dioxide equivalent (tCO2e) using the latest IPCC global warming potential values. Pre-plugging emissions set the business-as-usual benchmark, while post-plugging emissions are assumed negligible if wells are sealed correctly and verified by regulatory authorities. At the same time, project emissions (from materials, fuel use, and plugging activities) are deducted from gross reductions to arrive at net climate benefits. An uncertainty discount of 5% is applied as a safeguard against plug failures. The resulting net emissions reduction forms the basis for credit issuance, with 80% of credits released after project completion and validation, and the remaining 20% contingent on successful verification one year late
Carbon Credit Calculation Parameters (Formula)
The protocol calculates carbon credits by comparing baseline emissions (methane that would have leaked without intervention) to project emissions (from plugging activities). First, methane available t...
The protocol calculates carbon credits by comparing baseline emissions (methane that would have leaked without intervention) to project emissions (from plugging activities). First, methane available to leak (MAvail) is estimated using decline curve and leak probability models. This is converted to CO₂ equivalent (Est_tCO₂e) with density and GWP20 factors. Baseline emissions (BE) are capped at 63,000 tCO₂e per well. Post-plugging emissions are assumed negligible. Project emissions (TPE) from materials, fuel, and operations are deducted, and an uncertainty discount (5%) is applied. The net emissions reduction is:

N = (G – TPE) × (1 – D) where G = gross avoided emissions (BE), TPE = project emissions, and D = 0.05. Issued credits equal N
Is There Environmental Product Declaration
None...
None
Regulated Asset Registry
Triangle...
Triangle
Regulated Asset Registry ID
35C3CA3C5A8BD8AC7967003DF9F0846E...
35C3CA3C5A8BD8AC7967003DF9F0846E
Buffer Supply % Or QTY
%...
%
Modified Date
09/19/2025 15:32:41...
09/19/2025 15:32:41
Asset Name
Walker Ranch...
Walker Ranch
Carbon Credit Campaign Status
Live...
Live
Asset Financed
None...
None
Baseline Emissions Measurement Cycle
he baseline emissions measurement cycle is defined as the projected methane emissions that would occur from a well if it were not plugged. This baseline is established before plugging and covers both ...
he baseline emissions measurement cycle is defined as the projected methane emissions that would occur from a well if it were not plugged. This baseline is established before plugging and covers both current leaks and potential future leaks. To calculate it, developers must: Estimate the reservoir methane available to leak using production decline curve analysis (minimum 36 months of production history, smoothed with statistical adjustments). Apply a leak probability model that forecasts emissions over time under different leak states (large leak, restricted leak, or no leak). Convert the methane volume (MAvail) into tCO₂e using methane density and the 20-year Global Warming Potential (GWP20, currently 84). Cap baseline emissions at 63,000 tCO₂e per well, unless BCarbon approves a higher figure case by case. This cycle essentially represents a business-as-usual trajectory of well emissions over a 20-year crediting horizon, against which the project’s avoided emissions are measured.
Baseline Emissions Parameters Per Measurement Site
N = (G – TPE) × (1 – D) where G = gross avoided emissions (BE), TPE = project emissions, and D = 0.05. Issued credits equal N...
N = (G – TPE) × (1 – D) where G = gross avoided emissions (BE), TPE = project emissions, and D = 0.05. Issued credits equal N
Baseline Emissions Formula Per Measurement Site
N = (G – TPE) × (1 – D) where G = gross avoided emissions (BE), TPE = project emissions, and D = 0.05. Issued credits equal N...
N = (G – TPE) × (1 – D) where G = gross avoided emissions (BE), TPE = project emissions, and D = 0.05. Issued credits equal N
Number Of Measurement Sites
17...
17
Total Baseline Emissions For Project (Sum Of All Sites)
321,068.0000...
321,068.0000
Additionality Description
A well is Additional if, at the time of plugging, no person or entity has a firm, non-extendable legal obligation to plug it either (a) by law, regulation, statute, court order or other government req...
A well is Additional if, at the time of plugging, no person or entity has a firm, non-extendable legal obligation to plug it either (a) by law, regulation, statute, court order or other government requirement, or (b) by private contract (e.g., pursuant to a lease, service, or other agreement with a third party).
No credits will be granted for a well that is included in a project registered under another carbon crediting protocol, whether with BCarbon or another carbon registry.
Permanence Description
The purpose of the Protocol is to incentivize the permanent capture of methane present in hydrocarbon reservoirs associated with leaking abandoned oil and gas wells and the reclamation of related surf...
The purpose of the Protocol is to incentivize the permanent capture of methane present in hydrocarbon reservoirs associated with leaking abandoned oil and gas wells and the reclamation of related surface sites.
Eligibility
Accepted well types: a) On-land or onshore wells (over freshwater) registered with the appropriate Local Regulator as oil or natural gas producing wells; and b) Only Regulatory Compliant wells are acc...
Accepted well types: a) On-land or onshore wells (over freshwater) registered with the appropriate Local Regulator as oil or natural gas producing wells; and b) Only Regulatory Compliant wells are accepted under this protocol – see section 3.5 below
Quantification
The baseline reference case is a scenario where the methane being emitted from target wells into the atmosphere is not restricted by the Project. The baseline compared against the post-plugging calcul...
The baseline reference case is a scenario where the methane being emitted from target wells into the atmosphere is not restricted by the Project. The baseline compared against the post-plugging calculation is established by the predicted emissions that would have been released without the Project Developer’s implementation of the MCR Project.

Pre-plugging reservoir estimation is required to obtain an estimate of the well’s business-as-usual, Baseline Emissions. Pre-plugging reservoir estimates shall approximate current active leaks as well as future potential leaks by estimating how much methane is in the well’s reservoir, and how much methane will leak out over time. The method required for estimating reservoir contents is the standard industry decline curve analysis, supplemented with additional gas composition sampling, if needed. The method required for estimating leaks over time is the leak probability model.

For wells without a documented history of natural gas production, BCarbon may entertain alternative methods of estimating reservoir contents and future leak rates. Project Developers with such Projects should present alternative methods to BCarbon for eligibility consideration.
Validation
Process of Validation, Approval, Development, and Issuance of Carbon Credits: 1. Developer submits Provisional Project Plan to BCarbon 2. BCarbon reviews Provisional Project Plan for completeness 3...
Process of Validation, Approval, Development, and Issuance of Carbon Credits:
1. Developer submits Provisional Project Plan to BCarbon
2. BCarbon reviews Provisional Project Plan for completeness
3. BCarbon notifies Project Developer of application completeness
4. BCarbon selects and contracts with a third-party validator to review the Provisional Project Plan. Project Developer is responsible for such validation costs and will be notified of the estimated costs of validation prior to an agreement. Validator reviews and returns a sealed Validation Certificate to BCarbon,
5. BCarbon issues carbon credits for Project, subject to final Total Project Emissions figures, such carbon credits to be held on the BCarbon Registry within a Lock-Box Account to be released to the appropriate Project Developer account upon BCarbon receiving the Final Project Plan with final Total Project Emissions figures
6. Project Developer submits Final Project Plan to BCarbon
7. BCarbon receives Final Project Plan and reviews it with a third-party validator, following the same contracting process as outlined for the Provisional Project Plan. Once the Final Project Plan is approved by BCarbon and the validator, BCarbon automatically releases eighty percent (80%) of the carbon credits from the Lock-Box Account to the appropriate Project Developer’s account. The remaining twenty percent (20%) of the credits will be released subject to the Second Post-Plugging Test confirming that the well remains plugged and that fugitive methane emissions are not present.
Execution
The carbon emissions accounted for during the production activities of a Project, measured in tons of Carbon Dioxide Equivalent (tCO2e), to be offset against the prevented emissions resulting from Pro...
The carbon emissions accounted for during the production activities of a Project, measured in tons of Carbon Dioxide Equivalent (tCO2e), to be offset against the prevented emissions resulting from Project execution.
Monitoring
The protocol issues credits for a 20-year period, but only measure at year 0 and year 1. After that, neither BCarbon nor the Project Developer are required to verify if emissions are still zero. As an...
The protocol issues credits for a 20-year period, but only measure at year 0 and year 1. After that, neither BCarbon nor the Project Developer are required to verify if emissions are still zero. As an alternative, an official notice/certificate confirming that that a well has been effectively plugged and not leaking from the state in which the oil wells are located should be available.
Verification
BCarbon receives Final Project Plan and reviews it with a third-party validator, following the same contracting process as outlined for the Provisional Project Plan. Once the Final Project Plan is ap...
BCarbon receives Final Project Plan and reviews it with a third-party validator, following the same contracting process as outlined for the Provisional Project Plan. Once the Final Project Plan is approved by BCarbon and the validator, BCarbon automatically releases eighty percent (80%) of the carbon credits from the Lock-Box Account to the appropriate Project Developer’s account. The remaining twenty percent (20%) of the credits will be released subject to the Second Post-Plugging Test confirming that the well remains plugged and that fugitive methane emissions are not present.
Reporting
The Protocol is designed to operate within a digital measurement, reporting, and verification (“digital MRV” or “d-MRV”) framework enabling automated, real-time data onboarding and data processing, qu...
The Protocol is designed to operate within a digital measurement, reporting, and verification (“digital MRV” or “d-MRV”) framework enabling automated, real-time data onboarding and data processing, quantification, and verifications. The BCarbon d-MRV framework is integrated with a registry that tracks the complete lifecycle of certified projects from project approvals, and issuance, serialization, transferring, and retirement of credits.
Address1, Address 2, City/Region, State, Zip/Postal Code, Country
4633 FM RD 717 N, Breckenridge, TX, East Gate Entrance, United States, TX, Stephens, 76424...
4633 FM RD 717 N, Breckenridge, TX, East Gate Entrance, United States, TX, Stephens, 76424
Longitude - Site Location In Longitude Degrees
-98.9028663...
-98.9028663
Latitude - Site Location In Latitude Degrees
32.7621614...
32.7621614
OwnerID / Bank Customer ID
9A698DE784F4A839D8356596832A1DCC...
9A698DE784F4A839D8356596832A1DCC
OwnerName / Bank Customer name
Water Energy Forward...
Water Energy Forward
Project Developer
CarbonX ...
CarbonX
Project Developer ID
4D7ABC5AC18FEBF23A3E735EBA2B46A9...
4D7ABC5AC18FEBF23A3E735EBA2B46A9
Project Status
In-progress...
In-progress
Auditor/Verifier Attestations
See attached verification report...
See attached verification report
Auditor/Verifier ID
D3A02A6A1D03873D36C48B447CCD62AC...
D3A02A6A1D03873D36C48B447CCD62AC
Project Monitoring
None...
None