ronwagn

Flaring is at Record Highs in Texas

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https://oilprice.com/Energy/Natural-Gas/Gas-Flaring-Running-Rampant-In-The-Permian.html 

Flaring is at record highs in Texas. Oil producers have no real limits to their waste of Texas' natural gas. The entire state government is failing at conserving this very valuable and clean natural resource. President Trump's administration should step in. Governor Rick Perry should also. This is the ideal time to do it because of low oil prices that they would like to see go up. 

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It’s much easier to pollute, kill the planet and call greenies fascists than use the gas or don’t drill.

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1 hour ago, ronwagn said:

https://oilprice.com/Energy/Natural-Gas/Gas-Flaring-Running-Rampant-In-The-Permian.html 

Flaring is at record highs in Texas. Oil producers have no real limits to their waste of Texas' natural gas. The entire state government is failing at conserving this very valuable and clean natural resource. President Trump's administration should step in. Governor Rick Perry should also. This is the ideal time to do it because of low oil prices that they would like to see go up. 

I will post you more links about flaring tech, there really isnt any need for flaring and how to curb it , and the link to lot of our discussion about flaring

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1 hour ago, ronwagn said:

https://oilprice.com/Energy/Natural-Gas/Gas-Flaring-Running-Rampant-In-The-Permian.html 

Flaring is at record highs in Texas. Oil producers have no real limits to their waste of Texas' natural gas. The entire state government is failing at conserving this very valuable and clean natural resource. President Trump's administration should step in. Governor Rick Perry should also. This is the ideal time to do it because of low oil prices that they would like to see go up. 

 

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Calgary-based Certarus Ltd. is bringing its virtual natural gas pipeline to West Texas shale country. The company announced plans to deploy a flare gas capture process used to power an electric hydraulic fracturing operation in the Delaware and Midland Basins with a multi-national American supermajor not yet disclosed. Earlier this year, Certarus also announced plans to provide services to a European-based supermajor operating in the Permian Basin.

Certarus has been operating a system that captures, compresses and reutilizes natural gas streams throughout Canada. Earlier this year, the company announced major projects with a Canadian-focused oil major for the use of the

 

virtual natural gas pipeline.

“We are seeing an increasing trend within completions to use electric hydraulic fracturing as a means of reducing carbon emissions and achieving cost savings. Certarus operates the largest bulk CNG fleet in North America and is well positioned to benefit from this trend,” said Nathan Ough, vice president of Certarus. “By sourcing CNG through flare gas capture, Certarus provides industry with even more options to reduce carbon emissions.”

Through the agreement with the operator, Certarus will displace roughly 5.5 million gallons of diesel fuel with CNG during the term of the agreement. The operator has the option of displacing up to 37.8 million gallons of diesel.

This year, several shale operators have committed to the use of some kind of electric-powered frac fleets, including XTO, Diamondback, Shell, EOG Resources, Devon, CNX Resources and Apache Corp.

 

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Permian Gas Flaring Dips for First Time Since 2017

 

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Texas Regulator Eyes Flaring Crackdown

 

(Bloomberg) -- Texas will look into policies to “drastically reduce” natural gas flaring from the state’s shale patch as investors become increasingly sensitive to climate change concerns.

The call to action from the head of the Texas Railroad Commission, which oversees oil and gas production in the state, marks a stark tone shift for an agency that’s been criticized for its laissez-faire attitude toward one of the industry’s most harmful environmental practices.

After hearing on Tuesday from environmental groups, industry organizations and shale producers on ways the state’s flaring problem should be addressed, Wayne Christian, the commission’s chairman, said he directed staff to consider whether measures could be implemented this fall.

“I am very concerned by the rate of flaring in Texas,” Christian said during the webcast meeting. “We cannot continue to waste this much natural gas and allow the practice of flaring to tarnish the reputation of our state’s thriving energy sector to the general public and investors on Wall Street.”

Investors’ growing reluctance to put money into polluting industries adds insult to injury for a shale patch that has fallen from grace on Wall Street after years burning through borrowed cash without giving shareholders the returns they sought. Many explorers were already struggling to stay afloat even before the Covid-19 pandemic pushed the oil market into its worst-ever crash.

Flaring is commonplace in Texas oilfields, where natural gas is extracted alongside more valuable crude. A lack of pipeline capacity leaves drillers with too much gas on their hands. To avoid shutting in oil output, producers frequently resort to flaring, which burns off methane but still releases carbon dioxide and other particulate matter into the air.

Christian said he’s been told that Wall Street is less willing to invest in oil and gas companies because of the volumes of natural gas that they’re flaring. He said he wants Wall Street and “the market” to understand that the industry is working toward addressing the problem.

A variety of proposals were raised during Tuesday’s meeting. Latigo Petroleum, a privately held producer in West Texas, said the agency should set “allowables” to prevent companies without a market for their gas to continue pumping. Listed producers including Occidental Petroleum Corp. and Parsley Energy Inc. highlighted existing practices they have in place that they said show the industry is taking active steps toward reducing flaring. The Environmental Defense Fund called on the Railroad Commission to set a firm goal for an end to routine flaring by 2025.

“Flaring waste runs counter to Texas values,” EDF said in a press release after the meeting.

Commissioner Ryan Sitton said on Twitter that environmental groups are urging the agency to “weigh economics,” while the companies themselves say the Railroad Commission should “ignore economics.”

His comment is an apparent dig at the long list of oil and gas producers that argued in April the commission shouldn’t impose oil quotas in a bid to bolster prices, a proposal Sitton had spearheaded. He later called the initiative “dead” after it was clear that his fellow commissioners had deep reservations about instituting production caps.

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