Connect with us

Hi, what are you looking for?

Commodities

Flaring incidents rise in the Permian due to Texas heatwave – Enverus

(Reuters) – Extreme heatwaves in Texas fueled a 22% rise in flaring incidents in the Permian shale basin in the 12 months ended September, analytics firm Enverus said in a note.

Satellite data from the largest U.S. shale basin showed flaring, or the burning of unwanted gas, hitting near three-year peaks in July when Texas was gripped by extreme heat, Enverus said in the note on Thursday.

The extreme heat prompted multiple power conservation calls from the state’s grid operator this summer, with electricity demand hitting an all-time peak in August, and holding near those highs through most of September.

The Midland basin saw flaring rates 1.7 times higher than Delaware, from May to July.

“Not all operators ramped up on flaring, however – wells attached to certain gas gathering systems exhibited noticeably higher rates than others”, the note added.

The excess flaring at wellheads would make it difficult for the upstream sector to achieve the environmental, social and governance (ESG) goals in short-term, the note added.

flaring in the top U.S. shale basin is poised to increase next year, a report from Enverus said in May.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Conversely, if players frequently share tales of bad luck or perceived rigging, it can lead to widespread dissatisfaction and distrust in the game’s mechanics....

News

Additionally, being part of a community can foster accountability, encouraging players to adhere to their goals and know when to cash out. Quitting gambling...

News

It is essential for players to stay faithful to their own limits and principles, regardless of outside influences. Creating a support system of like-minded...

News

High rollers should also think about diversifying their bets across different games and approaches to spread risk and boost their odds of success. Understanding...