Pioneer Natural CEO calls out shale industry for Permian Basin gas flaring

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The chief executive of Pioneer Natural Resources , Scott Sheffield, on Tuesday c...

), Scott Sheffield, on Tuesday called on producers in the top U.S. shale field to limit natural gas flaring and monitor for methane leaks.

Producers should get flaring and venting rates to 2% or less and not drill wells before pipelines are complete, Sheffield said during a call with analysts a day after releasing quarterly results. BP Plc , which took over BHP Petroleum’s assets in the Permian in March and has a relatively small amount of production in the field, had a flaring and venting rate around 14%. BP did not respond to a request for comment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thanks for the advice, we’ll take that into consideration. 😜

What about closing the valves of the wells till the infrastructure is actually done instead? Or is this not even possible by technology limitations and/or reduce installation cost?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Does fast fashion have to die for the environment to live?The clothing industry is responsible for about 10% of global greenhouse gas emissions and consumes more energy than aviation and shipping combined, the U.N. says. Would be nice either way Recycle is key Climate change is because of government policy related to extraction and use of fossil fuels. Stop using misleading headlines that obscure important facts about a very serious issue.
Source: latimes - 🏆 11. / 82 Read more »