Energy Knowledge House

Since 2013, more than 1 trillion cubic feet of natural gas have been flared in Texas alone, and surveys by the Environmental Defense Fund in the Permian Basin reveal consistently high rates of unlit or malfunctioning flares. Altogether, these issues severely compromise the environmental footprint of oil and gas production, and will have significant impacts on the future of the industry. Indeed, the recently blocked $7 billion Engie SA LNG deal is evidence of growing pressures from investors and consumers for energy producers to limit environmental impacts. So, understanding the drivers of flaring and evaluating the pathways for addressing it are paramount.

Rystad Energy recently completed a report on flaring in the Permian Basin, which evaluates key flaring drivers, policy scenarios for reducing flaring and benefit-cost analysis of moving toward zero routine flaring. Join us for a discussion of this report and the potential future of flaring.