Gas Flaring Dips in the Permian

Laxman Pai
Thursday, September 5, 2019

Natural gas flaring in the Permian dropped in the first quarter of 2019 – the first drop in one-and-a-half years, according to energy research firm Rystad Energy.

Rystad Energy has been closely monitoring the level of natural gas flaring in the Permian since 2017. "Our previous quarterly estimate suggested that basin-wide gas flaring reached record-high levels of beyond 660 million cubic feet per day (MMcfd) in the fourth quarter of 2018 and the first quarter of 2019," it said.

However, just released final data for the first quarter of 2019 have led to a downward revision of our previous flaring estimate by 7%, to 613 MMcfd.

“This is the first time that has happened over the past 1.5 years. Prior to this, gradual upward revisions of previous estimates were the norm,” says Artem Abramov, Rystad Energy’s head of shale research.

The Permian Basin has experienced a vast increase in natural gas flaring and venting at the wellhead in recent years, driven by a combination of higher activity levels, more production from areas with less developed gas gathering infrastructure, and basin-wide takeaway capacity bottlenecks.

Regardless of the drop in the first quarter of the year, it is evident that basin-wide flaring remains three- to four times higher than the levels observed a few years back.

“There are no signs of any significant reduction going forward. On the contrary, the preliminary natural gas flaring estimate for the second quarter this year shows a new all-time high,” Abramov added.

Categories: Shale Oil & Gas Shale Research Permian

Related Stories

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

CNOOC Kicks Off Production from Bohai Bay Field

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

Oil Loadings at Russia's Western Ports on the Rise

SLB, Palo Alto Networks Expand Cyber Connection

A Look Inside the East Asia & Pacific Offshore Wind Markets

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Valeura Set to Restart Wassana Production Offshore Thailand

CIMC to Supply Hulls for Two FPSOs Being Built by Seatrium for Petrobras

Current News

Valeura Energy Consolidates Thai Oil and Gas Assets

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Floating Wind and the Taming of Subsea Spaghetti

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Equinor Tries Again for a Japan Offshore Wind Lease

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Sunda Energy Pushes Back Chuditch-2 Appraisal Well Drilling Date

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com