Permian Basin Natural Gas Flaring
Rystad Energy ShaleWellCube
- Nov 6, 2019 11:35 pm GMT
- 2795 views
Rystad Energy has published some new estimates of the natural gas flaring in the Permian basin. The large increase in oil production has brought in lots of associated gas and some of this natural gas is being flared. EIA data shows that Permian Region oil & natural gas production continues to grow rapidly.
With over 15 BCFD of natural gas production and 4 million barrels of oil per day, some flaring is expected but the Rystad Energy analysis shows that flaring is growing more rapidly than overall oil & gas production.
This flaring adds to overall cost of fuels and certainly to the environmental impact of natural gas and oil. As shown by the flaring history, the industry has successfully reduced the percentage of natural flaring per unit of energy produced, hopefully this will drive the overall flaring volume down in the next year or so.