A tax credit recently approved by the Texas Railroad Commission under Statewide Rule 50 (Texas Administrative Code Rule 3.50) that qualifies leases using Locus BE’s unique non-living biological process for tertiary EOR to receive a 50% Severance tax break annually for the next 10 years.
In anticipation of growing demand for cost-saving treatments that successfully address cashflow and ESG concerns, Locus Bio-Energy Solutions™ has announced the addition of new resources in the Appalachian basin—including the opening of a Cambridge, Ohio facility and team expansions. The operational growth allows the oil innovation company to expand access to its award-winning biosurfactants, which safely increase production in declining wells by averages of 50%, improve performance and extend lifespan—reducing the need for new drilling and minimizing operating costs while maximizing sustainability.