Breitling Oil and Gas Morning Podcast #91 June 14th, 2012
A new survey of methane emissions from hydraulic fracturing in the US found that they are 50% lower than the EPA’s estimates. The recent survey of 91,000 wells operated by more than 20 companies over a broad geographic area examined 10 times as many data sources as one of the key sources for EPA’s most recent emissions estimate.
The fact that these emissions are much less than earlier, more limited estimates and the fact that operators are already working to reduce emissions from natural gas production is good news for the future of US natural gas development and the game-changing benefits of job creation and economic growth that will come with it.
The industry is voluntarily reducing its environmental footprint and not waiting for regulatory mandates or incentives to continue to make progress. The technology and equipment used to reduce emissions were created by the industry, and companies are already implementing those technologies in locations where it is most effective.