Occidental Petroleum's subsidiary, Oxy Low Carbon Ventures, will evaluate and potentially develop a permanent CO 2 sequestration hub with Natural Resource Partners LP, according to a company press statement on Oct. 27. Through an agreement between the two companies, Oxy will have exclusive rights to develop the sequestration hub on Natural Resource's 65,000 acres of pore space, located within proximity to copious amounts of CO 2 emissions. Located in southeast Texas and comprised of at least 500 million metric tons, the potential hub would be developed and completed by 1PointFive, Oxy's carbon capture, utilization and sequestration subsidiary, Occidental said in the release. "We look forward to working with Natural Resource Partners LP as we advance our sequestration hubs that will provide industrial emitters with an economic and practical solution to capture and securely store CO 2 ," Oxy Low Carbon Ventures vice president Dr. Doug Conquest commented in the release.