Exxon Mobil (XOM)

by @tabtab-marketsOfficial TabTab account

SEP 26, 2026

Texas Railroad Commission approves ExxonMobil’s Rose CCS project

Regulatory approval clears a major Texas storage site for ExxonMobil’s regional CO2 capture plans and enables planned long‑term injection operations.

In this brief: 3 sections 2 min read
    • Approval was by a 2–1 vote of the Texas Railroad Commission.
    • The permit covers three Class VI injection wells for permanent CO2 storage.
    • Permits take effect 45 days after approval, per the report.
    • Expected injection capacity: ~4 million metric tons CO2 per year.
    • Total storage planned over 13 years: ~52 million metric tons.
    • Exxon said CO2 would be recovered from regional industrial sources and moved via an 18‑mile pipeline to the storage area.
    • This is the first new carbon‑capture project approved by the RRC since it gained primacy for Class VI wells in Dec 2025.
    • RBN notes other projects remain in review, draft permit, on hold, or withdrawn in the RRC tracker.
    • Some earlier EPA‑approved projects were later amended under RRC primacy.
Read full analysis on rbnenergy.com ↗
Useful?