Neither size, geographical footprint nor classification as an independent or integrated matter when it comes to reducing the amount of natural gas flared. It comes down to governance and leadership from the board room to the field, commitment and best-in-class practices, according to a recent study by Gaffney, Cline & Associates.

The research on how leading Permian Basin operators are keeping flaring levels in check, prepared on behalf of the Environmental Defense Fund (EDF), puts the practices of Chevron Corp., EOG Resources Inc., Occidental Petroleum Corp., Parsley Energy Inc. and Pioneer Natural Resources Co. in the spotlight. The companies have natural gas flaring rates ranging from less than 1% to 2.6% in the Permian Basin, which is below the basin’s average of 3.7%.

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Onshore