| 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: | |
| 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: |
(click to inquire) TBD
|
| 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
|
| Asset source |
N/A...
N/A
|
| 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
|
| If Forward: Duration (Years) |
N/A...
N/A
|
| If Forward: Available Qty |
N/A...
N/A
|
| Forward Pricing Methodology |
N/A...
N/A
|
| Crediting Period (Years) |
N/A...
N/A
|
| Crediting Period Start Year |
N/A...
N/A
|
| Crediting Period End Year |
N/A...
N/A
|
| Buffer Supply % Or QTY |
%...
%
|
| Net Carbon Credits Per Crediting Year |
N/A...
N/A
|
| 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 Type |
N/A...
N/A
|
| 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.
|
| Financing Collateral. Carbon Credit Part Of Collateral? |
N/A...
N/A
|
| Financing Counterparty |
N/A...
N/A
|
| 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.
|
| Quantification |
N/A...
N/A
|
| 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
|
| Parameter Value Under The Water Boiling Test (WBT) Method - 44% |
N/A...
N/A
|
| End Date |
N/A...
N/A
|
| Protocol Validator |
N/A...
N/A
|
| Validator ID |
N/A...
N/A
|
| Project Developer |
N/A...
N/A
|
| Project Developer ID |
N/A...
N/A
|
| Asset Name (If It Is A Different That Project Name) |
N/A...
N/A
|
| Project Status |
In-progress...
In-progress
|
| Ratings ID |
N/A...
N/A
|
| Ratings Score |
N/A...
N/A
|
| Ratings Report | N/A |
| 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.
|
| Auditor/Verifier ID |
N/A...
N/A
|
| ISO Certified |
Yes...
Yes
|
| ICROA Certified |
N/A...
N/A
|
| Project Monitoring |
Yes...
Yes
|
| Project Monitor Name |
ChampionX...
ChampionX
|
| Project Monitor Process Name |
N/A...
N/A
|
| Project Monitoring Process ID |
N/A...
N/A
|
| 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
|
| Insurance Provider Name |
N/A...
N/A
|
| Insurance ID |
N/A...
N/A
|
| Insurance Coverage Type |
N/A...
N/A
|
| Insurance Coverage Description |
N/A...
N/A
|
| Project # |
TNC-ISO-PROJ-B-001...
TNC-ISO-PROJ-B-001
|