I'm not sure they receive ESG credits for sending the gas to a field gas generator vs a contract flare operator. It burns the same.
yea but a number of companies are reporting their flare volume separately and are setting corporate goals around its reduction, so even if the emissions are the same it was gas being burned for "beneficial use" rather than wasted through a flare.CaptnCarl said:
I'm not sure they receive ESG credits for sending the gas to a field gas generator vs a contract flare operator. It burns the same.
Side benefit of potentially reducing the ability of plaintiff attorneys trying to sue for gas value when an operator can't reasonably get that gas to market anytime in the near future. I'm not in the Permian, but I have to imagine those type of attorneys drive the operators' legal departments insane. I guess that's just a part of "managing flaring" too though.Cyp0111 said:
I think your overestimating the value add. As much as anything, its a way to manage flaring which is the key point.
Sea Speed said:
Quite the sheen
Sea Speed said:
Quite the sheen
I'm really interested in any further information you are able to share on this topic. Seems the 12 month strip purchased even just a year or so ago would be making an absolute killing (buying March 2022 to February 2023 futures back in 2021, I mean). Why do gas markets seem to be so illiquid more than 12, maybe 18, months out? People just afraid of the collapse like we saw over the past decade or so?Dirty Mike and the Boys said:
Well it obviously depends on the position of each shop, but it's a scary time to be long the forwards. This winter season didn't perform at all, and you've got a WTI price that's starting to incentivize ramped up production.
PetroAg11 said:
Is everyone having issues in regards to sand now? Is that the biggest issue y'all are seeing in 2022 at the moment?
PetroAg11 said:
Is everyone having issues in regards to sand now? Is that the biggest issue y'all are seeing in 2022 at the moment?
jetch17 said:
Brent is at $105, WTI hanging around $99
Let's invite some Canadiansgigem1223 said:
Sand mines are a huge issue in the Permian. Drivers are the issue else where it seems.
MAROON said:
as we all know elections have consequences.
Hopefully Biden keeps heaping on the pain to the middle and lower classes (sorry folks but you are getting ****ed), and they see the error of their ways and vote the bums out.