ICR
Under development

Nature Entrusted Land Minerals Projects

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Project Information

Est. Annual Mitigations

3,518,220t CO2-e

Project Status
Under development
Project Owner
Project Type
Avoidance / Reduction
Sector
Mining/mineral production
Methodology
ISO 14064-2
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.

Validation Criteria
ISO 14064-2:2019
ICR requirements v4.0
Verification Body

Verification Criteria
ISO 14064-2:2019
ICR requirements v4.0
Project design description

Media

Location

Country
United States
City
Howard County
Address
Section 30, Block 29,
Geographical Region
North America
Coordinates
32.3047833, -101.4271085
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