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under_development

Nature Entrusted Land Minerals Projects

Estimated Credits

Est. yearly average

C02t per year

Est. total average

C02t

Crediting start date

Indefinitely

Crediting period

5 years

Organization
P
PH Holdings LLC,
Location
Howard County
Project type
Avoidance / Reduction
Project status
under_development
Methodology
ISO 14064-2
Sector
Mining/mineral production

Location

Howard County
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Lat=32° 18' 17.22" N

Lng=101° 25' 37.59" W

Project description

PHH Project LLC will permanently retire un-drilled acreage in Howard County, Texas within the Permian Basin through a perpetual trust. One section of Howard County, totaling approximately 640 acres is estimated to hold 215 million barrels of oil in five of the fifteen drilling zones. The perpetual trust will prevent this oil from being extracted. The five geological formations or drilling zones of the 640 acres are proven oil reserves; rather than being developed, these minerals will be put into a trust controlled exclusively by a leading, independent institutional trustee that will ensure that no development or use of the minerals is permitted in perpetuity.

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