The first quarter of 2019 saw record amounts of flaring and venting of natural gas in the Permian Basin, according to a report.
Research conducted by Rystad Energy said flaring and venting in the Texas and New Mexico basin averaged 661 MMcf/d, with the numbers based on data from the Texas Railroad Commission and New Mexico Oil Conservation Division.
According to the research, the largest operators in the region flared an average 5.1 per cent of operated gross gas production in 2019’s first quarter, as well as the final quarter of 2018.
Up to 40 per cent of the total flaring took place in the Midland North area.
Rystad said it anticipated flaring to stay above the 650 MMcf/d level before the Gulf Coast Express pipeline comes online later in the year.
For more information visit the Rystad Energy website.
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