Meridian, Miss. Some land owners say Mississippians are being cheated out of millions of dollars by a Texas oil company. Carbon Dioxide is used for enhanced oil recovery. Those pipelines run throughout Mississippi, and were built using eminent domain. A bill before state lawmakers would open up access. Bruce Monroe, and other land/mineral owners traveled the state Monday, in support of Senate Bill 2568. The group came to Meridian, and Monroe says East Mississippi has dozens of potential fields, "So this area really, is in essence losing potential for jobs, thousands of jobs, and hundreds of millions of dollars of revenue," explained Monroe.
Senator Terry C. Burton of Newton is one of the sponsors of Bill 2568. If the measure becomes law, it would give rule-making and regulation power on the issue to the Public Service Commission. The President of the Mississippi Energy Institute falls on the other side of the issue, and says he believes it's bad public policy to pass broad legislation to settle a narrow private dispute. Patrick Sullivan says many of the landowner's claims are false, exaggerated, or misleading.
But Monroe says the fact is, more than 50% of Mississippi carbon dioxide is leaving the state, producing oil, jobs and revenue in Texas, not Mississippi, and it's past time to open up the closed pipelines built through eminent domain.
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