“Oil and gas producers acknowledge it is in their interest to curb leaks; it gives them more natural gas to sell. They say they are stepping up monitoring efforts, and have increased the use of “green completions” at shale wells to capture methane emitted at the end of the fracking process, rather than flaring it at the well head.”
New research on oil and gas industry compliance with methane emissions regulations released today by the Center for Methane Emissions Solutions (CMES) reveals that oil and gas industry representatives in Colorado feel that Colorado’s Regulation 7 is effective and that its benefits outweigh its costs.
The global economic opportunity is huge. Production of natural gas is expected to increase by 56 percent in the U.S. by 2040, and 64 percent outside of the United States in the same time frame. If we foster the development of the methane mitigation industry here over the next decade, the world will be buying American made — not foreign made — products and services to capture valuable methane emissions. And that will mean economic growth and more high-paying jobs here at home.