09.06.2014 - Oil,Gas producers can make money capturing methane than flaring it up
Until now natural gas producers were merrily burning up methane gas as there were no regulations stipulating its capture. "Up until now, companies have been perfectly content to do this because there were no regulations stopping them, nor any financial incentives and infrastructure to help them move this extra gas to market," according to Keith Kohl, in Energy and Capital. However, some states like North Dakota where its Industrial Commission have already stipulated oil and gas companies to submit a methane capturing plan with every new drilling permit they apply for.The goal is to motivate Bakken operators (shale energy) to capture 85% of the gas they produce by 2016 and 90% within six more years...............................................Full Article: Source
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