Carbon Credit Parameters: Emissions Prevention: Permanent Abandonment of Marginal Oil and Natural Gas Wells in Texas - Project B

Token ID

T-CC...6913
Project QTY

980,899 CO2e
Open QTY

931,855 CO2e
Buffer QTY

49,044 CO2e
Retired QTY

0 CO2e
Project name: Emissions Prevention: Permanent Abandonment of Marginal Oil and Natural Gas Wells in Texas - Project B
Hash: 0x53d0dacbfd386ec213fa2acd9cdb98926fe7f5fa
Token ID: T-CC.EPPA6913
InsCoverage: None
RatingProvider: N/A
RatingScore: N/A
Auditor/Verifier: N/A
Asset Description:
Project B permanently plugs and abandons 47 marginal oil and natural gas wells in Milam County, Texas to prevent fugitive methane emissions. The wells are permanently sealed using regulator-approved P&A practices, and post-P&A monitoring and integrity evidence are used to assess residual methane emissions.
Mint Date: 09/18/2026 09:00:35
Project QTY: 980,899
OpenQ: 931,855
Buf / Leak QTY: 49,044
Unissued QTY: N/A
Price:
RetiredQ: 0
Deal Description:
All project activities, including baseline methane emissions assessments, permanent well plugging and abandonment, and post-abandonment monitoring, are financed through a combination of private capital and anticipated revenues from the issuance of carbon credits. The project does not rely on public subsidies, grants, or government funding for implementation. This financing structure demonstrates compliance with the methodology’s financial additionality requirements, as the permanent abandonment of marginal wells would not be economically viable in the absence of carbon credit revenues. The project is expected to generate carbon credits through the verified elimination of fugitive methane emissions resulting from permanent well abandonment. Revenue from the sale of these credits in the voluntary carbon market is intended to offset project costs and support the long-term financial sustainability of the project.
Sustainable Development Goals (SDGs):
Data Room:
Triangle Registry Params Value
Instrument Category
Carbon Credit...
Carbon Credit
Carbon Credit Type
Engineered...
Engineered
Instrument Subtype
Oil and Gas Well Capping,Avoidance...
Oil and Gas Well Capping,Avoidance
Carbon Credit Frequency
Recurring...
Recurring
Source Of This Asset
D-MRV / Methodology...
D-MRV / Methodology
Project Ex-ante or Ex-post
Both...
Both
Contract Type
As Produced...
As Produced
Carbon Credit Registry
Triangle...
Triangle
Protocol / Methodology
ISO 14064-2 Methodology for Methane Emissions Prevention via Permanent Abandonment of Marginal Oil and Natural Gas Wells...
ISO 14064-2 Methodology for Methane Emissions Prevention via Permanent Abandonment of Marginal Oil and Natural Gas Wells
Tag Name
Quantification, monitoring, reporting and verification of greenhouse gas emission reductions from the permanent plugging and abandonment of marginal oil and natural gas wells....
Quantification, monitoring, reporting and verification of greenhouse gas emission reductions from the permanent plugging and abandonment of marginal oil and natural gas wells.
Methodology / Protocol #
TNC-ISO-METH-002...
TNC-ISO-METH-002
Carbon Credit Protocol / Methodology ID
08FF0EA1E6919572EE7E445D2E0643DC...
08FF0EA1E6919572EE7E445D2E0643DC
Carbon Credit Calculation Parameters Description
Baseline methane rates are based on direct pre-P&A well-specific measurements. The project annualizes the measured rates and applies a conservative baseline factor of 0.95. The baseline is treated as ...
Baseline methane rates are based on direct pre-P&A well-specific measurements. The project annualizes the measured rates and applies a conservative baseline factor of 0.95. The baseline is treated as static for the defined accounting period, subject to prospective truncation if a later binding regulatory obligation establishes an earlier mandatory closure date.
Carbon Credit Calculation Parameters (Formula)
BE_i,p = (ME_i * 24 * D_i,p * GWP_CH4 * Buf) / 1,000...
BE_i,p = (ME_i * 24 * D_i,p * GWP_CH4 * Buf) / 1,000
Is There Environmental Product Declaration
None...
None
Asset Registry
Triangle...
Triangle
Regulated Asset Registry ID
7E6C17065FA8A1A55CD6D42234680A1C...
7E6C17065FA8A1A55CD6D42234680A1C
Scheduled Production/Year - Approved By D-MRV
980,899.0000...
980,899.0000
Buffer Supply % Or QTY
%...
%
Modified Date
09/18/2026 09:00:35...
09/18/2026 09:00:35
Asset Name
Emissions Prevention: Permanent Abandonment of Marginal Oil and Natural Gas Wells in Texas - Project B...
Emissions Prevention: Permanent Abandonment of Marginal Oil and Natural Gas Wells in Texas - Project B
Carbon Credit Campaign Status
Minted: Roadshow...
Minted: Roadshow
Asset Financed
Yes...
Yes
Baseline Emissions Measurement Cycle
continuous...
continuous
Baseline Emissions Parameters Per Measurement Site
Measured pre-P&A methane rate (ME_i)...
Measured pre-P&A methane rate (ME_i)
Baseline Emissions Formula Per Measurement Site
BE_i,p = (ME_i * 24 * D_i,p * GWP_CH4 * Buf) / 1,000...
BE_i,p = (ME_i * 24 * D_i,p * GWP_CH4 * Buf) / 1,000
Number Of Measurement Sites
46...
46
Total Baseline Emissions For Project (Sum Of All Sites)
931,854.2856...
931,854.2856
Financing Description
All project activities, including baseline methane emissions assessments, permanent well plugging and abandonment, and post-abandonment monitoring, are financed through a combination of private capita...
All project activities, including baseline methane emissions assessments, permanent well plugging and abandonment, and post-abandonment monitoring, are financed through a combination of private capital and anticipated revenues from the issuance of carbon credits. The project does not rely on public subsidies, grants, or government funding for implementation. This financing structure demonstrates compliance with the methodology’s financial additionality requirements, as the permanent abandonment of marginal wells would not be economically viable in the absence of carbon credit revenues. Primary funding for the project is provided through private investment committed to supporting methane abatement and environmental remediation activities. These funds cover project development costs, procurement of monitoring technologies, permanent plugging and abandonment activities, and site restoration where applicable. The project is expected to generate carbon credits through the verified elimination of fugitive methane emissions resulting from permanent well abandonment. Revenue from the sale of these credits in the voluntary carbon market is intended to offset project costs and support the long-term financial sustainability of the project.
Associated Parameter - Efficiency Of The Project Device
Measured methane emission rate (ME)...
Measured methane emission rate (ME)
Method Implemented - Kitchen Performance Test (KPT) And Monitoring
continuous multi-sensor ambient arrays with meteorological inputs and model-based flux inversion, high-flow sampling, tracer correlation, EPA OTM-33A, calibrated continuous mass-flow measurement...
continuous multi-sensor ambient arrays with meteorological inputs and model-based flux inversion, high-flow sampling, tracer correlation, EPA OTM-33A, calibrated continuous mass-flow measurement
Additionality Description
Additionality is restated as three methodology-defined elements: Element A — Regulatory surplus, Element B — Financial barrier, Element C — Non-common practice....
Additionality is restated as three methodology-defined elements: Element A — Regulatory surplus, Element B — Financial barrier, Element C — Non-common practice.
Permanence Description
A 50-year permanence horizon is assumed for the physical P&A intervention... The primary evidence for permanence is physical rather than instrumental: engineered cement barriers set across hydrocarbon...
A 50-year permanence horizon is assumed for the physical P&A intervention... The primary evidence for permanence is physical rather than instrumental: engineered cement barriers set across hydrocarbon-bearing intervals, a permanent surface closure, a plugging record attested by the competent authority, and completed site restoration.
Eligibility
Permanent plugging and abandonment (P&A) of marginal oil and natural gas wells in the United States....
Permanent plugging and abandonment (P&A) of marginal oil and natural gas wells in the United States.
Validation
This methodology applies only where all applicability conditions in Section 4.1 are satisfied. Each condition is determined and evidenced well-by-well, is documented in the PDD, and is subject to VVB ...
This methodology applies only where all applicability conditions in Section 4.1 are satisfied. Each condition is determined and evidenced well-by-well, is documented in the PDD, and is subject to VVB review.
Execution
P&A is carried out using regulator-approved techniques and meets the cross-jurisdictional minimum criteria at Section 15.1. Final P&A report and certification by the competent regulatory authority....
P&A is carried out using regulator-approved techniques and meets the cross-jurisdictional minimum criteria at Section 15.1. Final P&A report and certification by the competent regulatory authority.
Monitoring
Plug integrity and surface condition: Annual, and after any adverse event. Visual inspection for surface disturbance, subsidence, venting, and wellhead or cap condition....
Plug integrity and surface condition: Annual, and after any adverse event. Visual inspection for surface disturbance, subsidence, venting, and wellhead or cap condition.
Verification
Joint validation and first periodic verification by an accredited VVB, conducted against criteria that expressly included ISO 14064-2:2019 and assessed under ISO 14064-3:2019....
Joint validation and first periodic verification by an accredited VVB, conducted against criteria that expressly included ISO 14064-2:2019 and assessed under ISO 14064-3:2019.
Reporting
The PDD contains: Purpose and objectives, Project activities, Technology applied, Location and project wells, Roles and responsibilities, Timing, Conditions prior to implementation, SSRs, Baseline, Ad...
The PDD contains: Purpose and objectives, Project activities, Technology applied, Location and project wells, Roles and responsibilities, Timing, Conditions prior to implementation, SSRs, Baseline, Additionality, Quantification, Monitoring plan, Data quality, Permanence and risk.
Address1, Address 2, City/Region, State, Zip/Postal Code, Country
United States, TX, Milam County, 75959...
United States, TX, Milam County, 75959
Longitude - Site Location In Longitude Degrees
-97.02726154...
-97.02726154
Latitude - Site Location In Latitude Degrees
30.73143654...
30.73143654
TimeZone - Refers To The Time Zone In Reference To The GMT Standard
America/Chicago...
America/Chicago
OwnerID / Bank Customer ID
5DBD1E348B9F94EC305FCE5A729190D5...
5DBD1E348B9F94EC305FCE5A729190D5
OwnerName / Bank Customer name
Terra Nova International, LLC...
Terra Nova International, LLC
Project Status
In-progress...
In-progress
Auditor/Verifier Attestations
Independent validation and verification are conducted by an approved Validation and Verification Body (VVB) in accordance with ICR and ISO 14064-2 requirements. Monitoring reports prepared for the Ter...
Independent validation and verification are conducted by an approved Validation and Verification Body (VVB) in accordance with ICR and ISO 14064-2 requirements. Monitoring reports prepared for the Terra Nova Project include: Pre- and post-abandonment methane emission measurements (Qpp and Qpost), recorded environmental parameters during measurement events, calibration records and photographic evidence documenting P&A activities. The project proponent confirms that all monitored data used for ex-post quantification of greenhouse gas emission reductions during the monitoring period were collected, verified, processed, and stored in accordance with the monitoring plan described in the PDDMR and the requirements of the ICR Requirement Document and ISO 14064-2.
ISO Certified
Yes...
Yes
Project Monitoring
Yes...
Yes
Project Monitor Name
ChampionX...
ChampionX
Project Monitoring Process & Methodology
Immediate post-P&A closure verification; MP-1 period-end survey; well-specific follow-ups targeted at 12 and 24 months after P&A; biennial monitoring thereafter....
Immediate post-P&A closure verification; MP-1 period-end survey; well-specific follow-ups targeted at 12 and 24 months after P&A; biennial monitoring thereafter.
Monitoring Frequency
Interval...
Interval
Project #
TNC-ISO-PROJ-B-001...
TNC-ISO-PROJ-B-001