Gas Flaring Regulations 2017/2018 Update
U.S. EP companies have a new concern with regulation compliance when drilling and operating oil wells. Gas flaring. Federal gas flaring regulations are already in effect and some states either have passed, or are passing new gas flaring regulations, limiting the amount of gas flaring at each well site. Why?
November 2016 – Interior Secretary Sally Jewell said the new rule updates 30-year-old drilling regulations to meet modern standards and ensure that natural gas is used to power the economy — not wasted by being burned into the atmosphere.
“This rule to prevent waste of our nation’s natural gas supplies is good government, plain and simple,” Jewell said in a statement. “We are proving that we can cut harmful methane emissions that contribute to climate change, while putting in place standards that make good economic sense for the nation.”
Under the new rule, energy companies that drill on 245 million acres of public land, mostly in the West, will be required to capture natural gas that can be used to generate power for millions of homes and businesses. Between 2009 and 2014, enough natural gas was lost through venting, flaring and leaks to power more than 5 million homes for a year, Jewell said.
Fred Krupp, president of the Environmental Defense Fund, said the new rule “will conserve an important domestic resource, improve air quality, lower asthma attacks and slow climate change,” all while protecting taxpayers.
Harmful Gas Emissions
As the Bureau of Land Management noted in its regulations, methane is the primary component of natural gas. Venting or flaring of natural gas causes methane to be released into the atmosphere. Moreover, the Bureau of Land Management estimated that methane has a climate change impact 25 times greater than that of CO2.
In recent years there have also been lawsuits seeking to force operators to comply with state laws and pay royalties to mineral owners on the value of flared gas. So what are your options?
As we see it, they are – invest in flare gas flow measurement systems for use in the upstream oil & gas exploration areas. But that doesn’t solve your problem does it? Consider contracting with a company that can capture your gas at the well site and pay you for it, instead of gas flaring.
Think about it… What if you could eliminate the environmental concerns of gas flaring entirely and monetize the flared gas? Then you could create an additional revenue stream. Well, now you very easily can.
Get in contact with us to discuss how we can help you comply with regulations, be a environmentally conscious company and increase revenue.