New pipelines coming online are expected to ease Permian Basin gas takeaway capacity woes.
The amount of gas flared has steadily increased, for the most part, in the Permian Basin as oil production has risen in recent years. (Source: Shutterstock.com)
A rise in recent years of vented and flared gas from the prolific Permian Basin is still hovering near record highs, and fears are that the level could be prolonged as new wells come online in second-half 2019.
That’s according to analysts at Rystad Energy, the energy consultancy that reported this week Permian Basin flaring and venting levels have stabilized between 600 million and 650 million cubic feet per day.
New pipelines en route are expected to provide some relief.