Permian Gas Flaring Dips for First Time Since 2017



Permian Gas Flaring Dips for First Time Since 2017
Natural gas flaring in the Permian dropped in the first quarter of 2019 - the first drop in one-and-a-half years, according to Rystad Energy.

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.

While Rystad stated that previous quarterly estimates suggested gas flaring in the Permian reached record highs beyond 660 million cubic feet per day (MMcf/d) in fourth quarter of 2018 and first quarter of 2019, newly released final data is a different picture.

There’s a downward revision for first quarter 2019’s flaring estimate by seven percent to 613 MMcf/d.

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Source: Rystad Energy

“This is the first time that has happened over the past one-and-a-half years. Prior to this, gradual upward revisions of previous estimates were the norm,” said Artem Abramov, Rystad’s head of shale research.

The Permian’s gas flaring is still three to four times higher than years past, Rystad maintains.

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

Texas Railroad Commission chairman Wayne Christian recently voiced concern over the practice, saying that too much gas is being burned off out of convenience rather than necessity, Bloomberg reported.

This came after Texas regulators had a split vote over the flaring of natural gas.

To contact the author, email Valerie.Jones@Rigzone.com



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