Gas flaring in the Permian Basin reached an all-time high in the third quarter of 2018, as the persistent rise in production collided with severe takeaway capacity challenges in the world’s most prolific shale play.
Rystad Energy estimates that gas flaring in the Permian averaged 407 million cubic feet p
Rystad Energy, the independent energy research and business intelligence company, expects flaring to grow well into 2019, reaching a level of at least 600 MMcfd by mid-2019 assuming WTI Nymex oil prices recover to $60 per barrel to support existing activity levels.
In Texas, we observe an increased tendency whereby gas is flared on new wells for extended periods – often between four and six months – far beyond the 45-day period covered by the initial flaring permit.
