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CMM Monthly News
Carbon Creek Energy buys 7,500 wells in major coalbed methane playNewly formed Carbon Creek Energy has recently completed an agreement to buy out the coalbed methane (CBM) assets of Anadarko and WPX in the Powder River Basin. Even though gas prices have hit historically low prices, Carbon Creek Energy is confident that natural gas production can be profitable if the CBM assets are consolidated and production is streamlined. That is why Carbon Creek Energy has agreed to buy 7,500 wells, 5,500 from Anadarko and 2,000 from WPX.
Indian CBM output projected to quintuple by 2017-18India's CBM production is currently 1.07 million standard cubic meters per day (mscmd). Power and coal minister Piyush Goyal said that CBM production is projected to reach 5.77 mscmd in 2017-18. He said that of the 33 blocks offered for CBM exploration and utilization, eight blocks have reached the development stage, of which one block has started commercial production and four others are producing incidental CBM. The government is preparing a note for approval to make amendments on CBM policy to boost production. India has 92 trillion cubic feet of CBM resources over 26,000 square kilometers of coal-bearing areas.
Indonesian government mulls new scheme for CBMThe Indonesian government is considering a new contract scheme to increase the production of CBM. The new scheme will involve a “gross split sliding scale” and have no cost-recovery mechanism. It will apply a progressive split of production between the government and contractors. Regulation related to the new scheme was planned to be released by the end of August. The present target for CBM production is 8.9 million standard cubic feet per day (mmscfd) by 2015.
Promoting Coal Mine Methane (CMM) for Energy, Safety and the Environment: Legislation and Project Development in Kazakhstan
25 September 2015
2015 U.S. Coal Mine Methane Conference in conjunction with the 32nd International Pittsburgh Coal Conference
5—8 October 2015 (CMM Program is 6-7 October 2015)
Global Methane Initiative (GMI) Coal Subcommittee Meeting and 10th Session of the UNECE Group of Experts on Coal Mine Methane
27—28 October 2015
2015 15th International Symposium on CBM/CMM and Shale Gas in China
12—13 November 2015
Obama Administration takes historic action on climate change
President Obama announced that the EPA's Clean Power Plan has been finalized, which seeks to cut U.S. carbon pollution from the power sector by 870 million tons by 2030. EPA Administrator Gina McCarthy writes, “We're proud to finalize our historic Clean Power Plan. It will give our kids and grandkids the cleaner, safer future they deserve”.
EPA report: For the United States, Global Action Now Saves Lives and Avoids Significant Climate Change Damages
The EPA released a report detailing the effects of unchecked global climate change. The report examined a future with no action on climate change and a global temperature rise of 9 degrees Fahrenheit, and detailed the ramifications that would be experienced such as extreme weather events and costly damages in the United States.
Deadline to complete Early Action Verification for ARBOC conversion: September 30, 2015
Early action projects looking to convert Climate Reserve Tonnes to ARB offset credits must complete verification of any emission reductions by September 30, 2015. After the Reserve's receipt and review of the verification statement there may be revisions necessary, but those do not affect the deadline requirement. Please contact Sarah Wescott at email@example.com for further information.
China to streamline offset market with central eligibility rules
The national government will set the rules for the eligibility of offset credits when China launches its national carbon market, the 21st Century Business Herald reported. The launch of a national carbon market will put an end to the complications resulting from having regions with vastly differing rules on which CCERs can be used to meet emission targets.
Roanoke environmentalist Tom Clarke bids for coal mines to fuel new carbon-credit venture
Healthcare executive turned environmentalist Tom Clarke announced his latest venture on August 17th, a coal company called ERP Compliant Fuels. The company struck a deal with Patriot Coal Corp. for a large asset purchase consisting of mines in West Virginia, and is waiting on the courtís permission to implement. Clarke plans to become the first U.S coal producer to sell electric utilities coal bundled with reforestation/forestry carbon credits. He will sell the bundles at 10% over the standard coal price and is targeting coal-fired electricity generating plants.