Texas General Land Office commissioner Jerry Patterson, who oversees leasing on state holdings, said: “We are looking into doing that.”
Producers are flooding older reservoirs in Texas with carbon dioxide to increase output and reap the financial benefits of high oil prices.
“It is a commodity,” said Patterson. “It has value. We think we can collect royalties on carbon dioxide”
There are no estimates as to how much cash the state could raise from levying a royalty on carbon dioxide.
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