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Permian Basin Natural Gas Flaring

Rystad Energy ShaleWellCube

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.  

Gary Hilberg's picture

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Matt Chester's picture
Matt Chester on Nov 6, 2019 6:14 pm GMT

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.  

We really should have stricter regulations on this-- I know it's costly to the producers in the form of lost fuel, but it's costly to the planet in having all that gas be flared and not even utilized. If stricter regulations increase the cost of gas companies to do business, that really should be their burden, shouldn't it?

 

 

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