Natural gas flaring has been a long-time concern for the oil & gas industry. In a decarbonizing world and increasingly competitive energy industry, eliminating routine flaring is critical to minimize climate impact and curtail economic waste.
As the Permian Basin witnessed a rapid growth in oil production over the past decade, the rate of routine natural gas flaring also increased at an alarming rate.
While flaring is a widespread industry problem, several Permian producers have found solutions to effectively minimizing flaring, achieving flaring intensity rates from less than 1% to 2.6% in the Permian, where the basin average is close to 4%.
Based on interviews with several of these Permian producers, this report outlines feasible and effective solutions to minimize flaring. Industry and other stakeholders can learn from these best-in-class producers to accelerate action and cost-effectively implement flaring solutions.