North Dakota Bill Introduced to Minimize Natural Gas Waste from Oil Wells

North Dakota’s Senate is considering legislation that would drastically cut the time oil companies can burn off and waste natural gas from an oil well.

Source: www.pennenergy.com

>”[…] Democratic Sen. Connie Triplett is sponsoring the bill that would require companies to begin paying royalties and taxes on natural gas within 14 days after an oil well begins production. Companies are given a year at present.

Triplett and others told the Senate Energy and Natural Resources Committee on Friday that mineral owners and the state are being shortchanged because revenue on the wasted gas is not immediately being collected.

North Dakota Petroleum Council President Ron Ness says the industry has invested $13 billion to capture the gas. But he says there is still a challenge obtaining permission to place gas pipelines in some areas.”<

 

See on Scoop.itGreen & Sustainable News

Bakken Oil: North Dakota flaring burns 4 times Total National Consumption (2011 figure)

See on Scoop.itGreen & Sustainable News

NEW YORK (Reuters) – Oil drillers in North Dakota’s Bakken shale fields are allowing nearly a third of the natural gas they drill to burn off into the air, with a value of more than $100 million per month,…

Duane Tilden‘s insight:

An alarming state of affairs.  As per the article the flared Natural gas in North Dakota is reported to be 266,000,000,000 cfd (cubic feet per day) flared methane or 2750 x 10(9) cu m/year.

According to Wiki the 2011 US annual consumption for natural gas was 689.9 x 10(9) cu m, so apparently Bakken is actually burning 4 times the total 2011 national requirements.

>Roughly 29 percent of natural gas extracted in North Dakota was flared in May, down from an all-time high of 36 percent in September 2011. But the volume of natural gas produced has nearly tripled in that timeframe to about 900,000 million cubic feet per day, boosting flaring in the state to roughly 266,000 million cubic feet per day, according to North Dakota state and Ceres data.<

See on www.reuters.com