Louisiana Revised Statutes 30:1103 – Definitions
Terms Used In Louisiana Revised Statutes 30:1103
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
Unless the context otherwise requires, the words defined in this Section have the following meaning when found in this Chapter:
(1) “Carbon dioxide” means naturally occurring, geologically sourced, or anthropogenically sourced carbon dioxide including its derivatives and all mixtures, combinations, and phases, whether liquid or gaseous, stripped, segregated, or divided from any other fluid stream thereof.
(2) “Commissioner” has the same meaning as provided in La. Rev. Stat. 30:3.
(3) “Confidential business information” means any information accepted or determined by the United States Environmental Protection Agency to be subject to confidential treatment.
(4) “Gas” has the same meaning as provided in La. Rev. Stat. 30:3.
(5) “Geologic storage” means the long- or short-term underground storage of carbon dioxide in a reservoir.
(6) “Interested person” means any person who presently owns an interest within the area of, or proximate to, the tracts directly affected by the storage facility.
(7) “Office” means the office of conservation of the Department of Energy and Natural Resources.
(8) “Oil” has the same meaning as provided in La. Rev. Stat. 30:3.
(9) “Person” means any natural person, corporation, association, partnership, limited liability company, or other entity, receiver, tutor, curator, executor, administrator, fiduciary, or representative of any kind.
(10) “Reservoir” means that portion of any underground geologic stratum, formation, aquifer, or cavity or void, whether natural or artificially created, including oil and gas reservoirs, salt domes or other saline formations, and coal and coalbed methane seams, suitable for or capable of being made suitable for the injection and storage of carbon dioxide therein.
(11) “Storage facility” means the underground reservoir, carbon dioxide injection wells, monitoring wells, underground equipment, and surface buildings and equipment utilized in the storage operation. The underground reservoir component of the storage facility includes any necessary and reasonable aerial buffer and subsurface monitoring zones designated by the commissioner for the purpose of ensuring the safe and efficient operation of the storage facility for the storage of carbon dioxide and shall be chosen to protect against pollution, and escape or migration of carbon dioxide.
(12) “Storage operator” means the person authorized by the commissioner to operate a storage facility. A storage operator can, but need not be, the owner of carbon dioxide injected into a storage facility. Ownership of carbon dioxide and use of geologic storage is a matter of private contract between the storage operator and owner, shipper, or generator of carbon dioxide, as applicable.
(13) “Waste”, in addition to its ordinary meaning, means “physical waste” as that term is generally understood in the storage industry.
Acts 2009, No. 517, §2; Acts 2020, No. 61, §1; Acts 2021, No. 326, §1; Acts 2023, No. 150, §5, eff. Jan. 10, 2024.