Land owners in Mississippi are seeking public access to CO2 pipelines controlled by Denbury.
The two pipelines supplying oil fields in the state are 50% utilized and land owners believe shared use could create additional value for themselves and the state.
The pipelines were built employing eminent domain, but there is only one owner and one carrier. A senate bill that will be considered in the coming days could force Denbury to open its pipelines to public use.
Mineral owners are typically paid 2-2.5% of the price of oil for CO2. More competition on pipelines could create more competition CO2 lease agreements. It will be interesting to see if anything comes of the issue.
Read more on the story at wlox.com