• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 day Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 4 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 6 hours Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
  • 8 days Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 8 days "The Calm Before The Storm In Oil Markets" by Tom Kool of OILPRICE and seen at YahooFinance
  • 2 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Permian Super-Emitters Could Save $26 Million Per Year By Fixing Methane Leaks

  • 30 oil and gas infrastructure facilities in the Permian have been large methane emitters over the past 3 years, according to a new study.
  • The super-emitters could save tens of millions of dollars by fixing their leaks.
  • The EPA is looking to introduce new regulations to curb methane emissions.

Over the past three years, 30 oil and gas infrastructure facilities in the Permian have been large methane emitters, data collected from airborne surveys by Carbon Mapper and the Environmental Defense Fund showed.

The data collected from surveys conducted between 2019 and 2021 showed that 30 so-called “super-emitters” produce the same near-term climate pollution as around half a million passenger vehicles, the Environmental Defense Fund said. 

Those “super-emitters” account for less than .001% of the region’s oil and gas infrastructure, the surveys and studies found. 

Methane is a powerful greenhouse gas, second only to carbon dioxide in its overall contribution to climate change and responsible for about one-third of the current climate warming. Although it remains in the atmosphere for a shorter period than carbon dioxide (CO2), on a molecular level, methane has a much higher global warming potential than CO2.  

If the “super-emitters” repaired the leaks that have emitted so much methane in recent years, this could immediately reduce 100,000 metric tons of methane per year, the Environmental Defense Fund said. In addition, fixing the methane leaks from these 30 super-emitters would prevent $26 million a year of wasted gas, the fund added. 

“The magnitude of emissions coming from a handful of methane sources in one of the top oil- and gas-producing regions illustrates the opportunity to make significant near-term progress toward the stated methane reduction goals of the U.S., other countries, and companies around the world,” said Riley Duren, Chief Executive Officer for Carbon Mapper and Research Scientist at the University of Arizona.

While the Permian crude oil production hits record-highs, the U.S. Administration, through the Environmental Protection Agency (EPA), has proposed new regulations to cut methane emissions from the oil and gas industry that would require oil and gas companies to aggressively and proactively track down and fix methane leaks. 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News