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Wabash Valley Resources CCS Hub: Mineral Owner Guide

A southwest Indiana carbon capture and sequestration project being permitted in the Illinois Basin. What it means for mineral, surface, and pore space owners.

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TL;DR Wabash Valley Resources is developing a carbon capture and sequestration (CCS) hub in southwestern Indiana — primarily Posey, Vigo, Knox, and adjacent counties. The project injects captured CO2 into the Mt. Simon Sandstone for permanent geologic sequestration and qualifies for federal 45Q tax credits at $85/ton. For mineral and pore space owners on or adjacent to the project area, the hub raises distinct legal and economic questions about pore space rights, EOR overlap, and lease language.

The Wabash Valley Resources Project

Wabash Valley Resources is developing one of the most advanced carbon capture and sequestration (CCS) projects in the United States. Located in southwestern Indiana — primarily in Posey, Vigo, Knox, and adjacent counties — the project plans to capture CO2 from an industrial source, transport it via pipeline, and inject it into the deep Mt. Simon Sandstone for permanent geologic sequestration.

The project is permitted under EPA Class VI rules and is positioned to qualify for federal 45Q tax credits at the highest tier ($85 per metric ton of CO2 sequestered for direct geologic storage as of the Inflation Reduction Act).

What This Means for Mineral Owners

For mineral owners on or adjacent to the project area, the Wabash Valley CCS hub raises several distinct legal and economic questions:

Pore space rights: CCS uses subsurface formation space — typically deep saline aquifers below producing zones. Pore space rights are legally distinct from mineral rights in most U.S. states, but ownership rules vary by state. Indiana statute generally vests pore space in the surface owner.

EOR overlap: Some CCS projects use captured CO2 for enhanced oil recovery on existing producing wells. EOR-eligible CO2 storage qualifies for 45Q at a different rate ($60/ton for EOR vs $85/ton for direct storage). Owners on EOR-eligible acreage may receive incremental royalty income.

Lease language: Most pre-2020 oil and gas leases in the Illinois Basin do not address CO2 sequestration or pore space. New leases or amendments may specifically address sequestration rights.

Class VI permitting: EPA Class VI injection well permits require notification to mineral and surface owners within the area of review.

Counties in the Project Area

The Wabash Valley CCS hub project area centers on southwestern Indiana, with infrastructure and pore space considerations potentially extending across:

Posey County, IN — primary project area

Vigo County, IN — Terre Haute regional hub

Knox County, IN

Sullivan County, IN

Warrick County, IN

Lawrence County, IL — adjacent CCS-eligible zones

Selling Mineral Rights in the Wabash Valley CCS Area

Buckhead Energy buys Illinois Basin mineral and royalty interests, including acreage in the broader CCS project area.

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Key Takeaways

  • Wabash Valley Resources is a CCS hub in southwestern Indiana with permitted injection into the Mt. Simon Sandstone.
  • The project qualifies for 45Q tax credits at $85/ton for permanent geologic sequestration.
  • Pore space rights are typically allocated to the surface owner under Indiana statute, not the mineral owner.
  • Project counties include Posey, Vigo, Knox, Sullivan, and Warrick (IN); Lawrence (IL).
  • Mineral owners may receive EPA Class VI permit notification during the permitting process.
  • Existing oil and gas leases typically do not address CO2 sequestration; new leases may be needed.