Operational additionality.
The abatement required targeted engineering — cement integrity restoration, mechanical plugging, and continuous sensor deployment — on a wellbore that would otherwise have remained idle and leaking.
PROJECT · ABERNATHY UNIT #1 · LOVING COUNTY BLOCK 53 · QUANTIFICATION COMPLETE · VERIFICATION STATEMENT PENDING
Abernathy Unit #1.
Section 28, Block 53.
Loving County, Texas.
A methane abatement project on a permanently plugged wellbore under a 14-barrier cement plug architecture (including 8 environmental cement plugs). ISO 14064-2/-3 quantification complete (Enovate AI). ISO 14065 verification statement pending The Kent Group Associates site inspection and desk review.
CIBF lot serial LMCX-ABR-2025-0000001 · Issuance subject to Kent Group ISO 14065 verification statement, IRP approval, and 29-Gate Mint Checklist completion.
01 · The Additionality Case
Credits exist only because this intervention occurred.
These reductions would not have occurred absent targeted capital, monitoring, engineering intervention, and permanent abandonment. The project therefore demonstrates clear operational, financial, regulatory, and environmental additionality.
- Legacy well with historical methane risk.
- No prior modern leak-detection-and-repair program.
- No existing monetized carbon program.
- Permanent plugging and abandonment completed 10/11/2025.
- Fugitive methane emissions eliminated at source.
- Structural methane migration pathways sealed.
- Project exceeds business-as-usual baseline.
Financial additionality.
Carbon credit revenue is the project's dominant source of cash flow. Without monetization of verified methane reductions, the plug-and-abandonment intervention does not clear economic hurdles.
Regulatory additionality.
Permanent abandonment exceeds the statutory minimum required for this wellbore's operator. The abatement is not a compliance event — it is an elective, capital-intensive intervention.
Permanence additionality.
Cement columns, mechanical plugs, and sealed annuli extinguish the emission pathway physically and irreversibly. Permanence is a property of the geology and engineering, not of an accounting convention.
02 · SDG Alignment
UN Sustainable Development Goals achieved.
Abernathy Unit 1 contributes against six UN SDGs. Each claim is tied to an evidenced project deliverable — not a reputational gesture.
SDG 7
Affordable and Clean Energy
Improves legacy energy-asset stewardship. Eliminates fugitive natural-gas losses that would otherwise leak uncaptured from an unproductive wellbore.
SDG 9
Industry, Innovation and Infrastructure
Uses modern measurement, reporting, verification (MRV), continuous sensor analytics, and engineered plugging against OGMP 2.0 Level 5 reporting and ISO 14064 quantification.
SDG 12
Responsible Consumption and Production
Delivers disciplined end-of-life asset management. Retires stranded methane-emitting infrastructure rather than leaving it idle on the landscape.
SDG 13
Climate Action
Large-scale methane avoidance at the wellhead — measured, documented, and permanent. Methane reductions are the most capital-efficient near-term climate lever.
SDG 15
Life on Land
Reduces environmental leakage risk to surrounding soil, subsurface water, and fauna. Restores the surface to post-decommissioning baseline.
SDG 17
Partnerships for the Goals
Cross-functional delivery between operator (Last Mile), independent MRV, ISO 14065-accredited assurance, and institutional markets.
03 · Record of Fact
The physical and legal asset.
One wellbore. One operator. One plugging event. The record below is the asset that backs every CAT issued under this lot.
Well designation
Abernathy Unit #1
API
42-301-30214-0002
Location
Section 28, Block 53, T2S, H&TC Survey, Loving County, Texas
Operator
Last Mile Production LLC
Operator P-5
TRRC P-5 No. 102051
Plug-and-abandon completion
10/11/2025
Wellbore architecture
14-barrier cement plug architecture · including 8 environmental cement plugs
Project entity
Abernathy Unit 1 IMCSS, LLC · Wyoming SOS filing pending
VPP covenant
Recording pending in Loving County deed records · expected prior to first mint per Mint Checklist Gate 26
Project scope
Deep formations below base of Wolfcamp (Atoka, Pennsylvanian) · upper Delaware Mountain Sands excluded
04 · Engineering and Verification
Measured. Engineered. Verified.
Abatement is quantified by continuous, source-level measurement reconciled to reservoir decline and regulatory reporting. Figures below reflect the field-measured outcome; final CATs are withheld until the ISO 14065 verifier closes the audit.
Y1 indicative issuance · P95 lower bound
1,656,501 CATs
GWP28 basis · Enovate AI Issuance Determination Report, April 2026 · subject to Kent Group ISO 14065 verification statement
Quantification status
ISO 14064-2 / 14064-3 · complete
Enovate AI Greenhouse Gas Emission Report (Aug–Sep 2025); Issuance Determination Report (Apr 2026)
Verification status
ISO 14065 statement pending
The Kent Group Associates · pending site inspection and desk review
Measurement framework
OGMP 2.0 Level 5
Dual-stream: source-level dMRV continuous sensors + OGI; site-level top-down DrillSage satellite reconciliation
Probabilistic validation
Monte Carlo + LHS
Monte Carlo simulation with Latin Hypercube Sampling; P95 conservative lower bound applied
Reporting standards
EPA Subpart W · ISO 14064 · ISO 14065
No voluntary registry methodology used
05 · Indicative Inventory
Y1 indicative inventory.
Abernathy Unit #1 · P95 conservative lower bound (GWP28)
1,656,501
Indicative Y1 CAT issuance at the P95 conservative lower bound from the Enovate AI Issuance Determination Report (April 2026). Issuance is subject to Kent Group ISO 14065 verification statement, IRP approval, and 29-Gate Mint Checklist completion. Bilateral OTC primary issuance to qualified institutional counterparties is arranged through the LMCX structuring desk.
CIBF lot LMCX-ABR-2025-0000001 · On-chain mint withheld until verification statement issuance
06 · Trust Attributes
What a buyer is actually getting.
- Specific wellbore
- No portfolio pooling
- Permanent plugging completed
- Quantification complete
- Verification statement pending
07 · Continue