Haynesville Companies Lag Behind the Industry On Fugitive Emissions - GoHaynesvilleShale.com2024-03-28T23:31:20Zhttps://gohaynesvilleshale.com/forum/topics/haynesville-companies-lag-behind-the-industry-on-fugitive?commentId=2117179%3AComment%3A3784295&x=1&feed=yes&xn_auth=noAssociated gas from oil basin…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37842952018-11-27T22:15:39.478ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Associated gas from oil basins is the bane of natural gas basins in an excess supply market.</p>
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<p>Associated gas from oil basins is the bane of natural gas basins in an excess supply market.</p>
<p></p> Somehow, this seems appropria…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37842942018-11-27T22:10:54.993Zdbobhttps://gohaynesvilleshale.com/profile/dbob
<p>Somehow, this seems appropriate: <a href="https://www.reuters.com/article/us-natgas-waha-pipelines/get-your-natural-gas-in-texas-for-25-cents-if-you-can-idUSKCN1NW1EV" target="_blank">https://www.reuters.com/article/us-natgas-waha-pipelines/get-your-natural-gas-in-texas-for-25-cents-if-you-can-idUSKCN1NW1EV</a> </p>
<p>Prices at the Waha hub fell to an average of 25 cents per million British thermal units (mmBtu), according to SNL data available on the Refinitiv Eikon going back to…</p>
<p>Somehow, this seems appropriate: <a href="https://www.reuters.com/article/us-natgas-waha-pipelines/get-your-natural-gas-in-texas-for-25-cents-if-you-can-idUSKCN1NW1EV" target="_blank">https://www.reuters.com/article/us-natgas-waha-pipelines/get-your-natural-gas-in-texas-for-25-cents-if-you-can-idUSKCN1NW1EV</a> </p>
<p>Prices at the Waha hub fell to an average of 25 cents per million British thermal units (mmBtu), according to SNL data available on the Refinitiv Eikon going back to 1991.</p>
<p>Traders said small amounts of fuel were even sold at negative prices as producers struggled to get rid of the gas.</p>
<p>That compares with an average of $2.16 per mmBtu so far this year, $2.71 in 2017 and a five-year (2013-2017) average of $3.11.</p>
<p>The Permian is the biggest oil-producing shale basin in the United States and since gas is associated with much of the oil comes out of the ground, it is also the nation’s second-biggest shale gas producing region, behind the Appalachian.</p> Flaring should be limited in…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37841082018-11-27T13:54:20.130ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Flaring should be limited in all basins but regulators rarely have the political backing to do so. I'm not comparing the Haynesville with any other basin. I am comparing companies that have implemented emission mitigation programs with those who are not. It is a false equivalence to say that one basin shouldn't take steps to address the problem because it has lower fugitive emissions than another. All companies in all basins should have aggressive programs to reduce emissions. If the…</p>
<p>Flaring should be limited in all basins but regulators rarely have the political backing to do so. I'm not comparing the Haynesville with any other basin. I am comparing companies that have implemented emission mitigation programs with those who are not. It is a false equivalence to say that one basin shouldn't take steps to address the problem because it has lower fugitive emissions than another. All companies in all basins should have aggressive programs to reduce emissions. If the relatively easy and common sense actions are not taken very soon they will quickly become insufficient to the task of reducing the rate of global warming.</p>
<p></p> Although Exxon, and I'm assum…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37840952018-11-27T03:20:53.707ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Although Exxon, and I'm assuming XTO, are members along with BP. The only LA member is BHP and I doubt seriously if they have applied any of the mitigation efforts here as they ramped down development in 2013 and have only recently started to drill again at a very low pace, one rig. Hopefully BP will do something when they assume control of the assets.</p>
<p>The major LA Haynesville companies not participating are:</p>
<p>Vine O&G, GEP Haynesville, Indigo Minerals, Comstock, Aethon…</p>
<p>Although Exxon, and I'm assuming XTO, are members along with BP. The only LA member is BHP and I doubt seriously if they have applied any of the mitigation efforts here as they ramped down development in 2013 and have only recently started to drill again at a very low pace, one rig. Hopefully BP will do something when they assume control of the assets.</p>
<p>The major LA Haynesville companies not participating are:</p>
<p>Vine O&G, GEP Haynesville, Indigo Minerals, Comstock, Aethon and <span style="text-decoration: underline;">Chesapeake</span>. </p>
<p>There are a handful of other LA HA operators that have too little production to mention. The listed companies are responsible for the majority of production.</p>
<p></p> I'm not disagreeing with this…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37839842018-11-27T03:00:15.388Zdbobhttps://gohaynesvilleshale.com/profile/dbob
<p>I'm not disagreeing with this: "<span><strong>The major companies that have joined ONE Future have come to the conclusion that it is better to be seen as taking action as opposed to just ignoring climate change or claiming that the problem is of little significance.</strong>"</span></p>
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<p><span>Some of the Haynesville operators have joined a similarly focused group called the Oil and Gas Climate Initiative: …</span></p>
<p>I'm not disagreeing with this: "<span><strong>The major companies that have joined ONE Future have come to the conclusion that it is better to be seen as taking action as opposed to just ignoring climate change or claiming that the problem is of little significance.</strong>"</span></p>
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<p><span>Some of the Haynesville operators have joined a similarly focused group called the Oil and Gas Climate Initiative: <a href="https://oilandgasclimateinitiative.com/our-members/#history" target="_blank">https://oilandgasclimateinitiative.com/our-members/#history</a></span></p>
<p><span><a href="https://oilandgasclimateinitiative.com/oil-and-gas-climate-initiative-sets-first-collective-methane-target-for-member-companies/" target="_blank">https://oilandgasclimateinitiative.com/oil-and-gas-climate-initiative-sets-first-collective-methane-target-for-member-companies/</a></span></p>
<p><span>"The Oil and Gas Climate Initiative (OGCI) today announced a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a reduction by one third."</span></p>
<p><span>Exxon and BP are part of the OGCI, so while the One Future group doesn't represent much of the Haynesville, OGCI has a little more representation in this play. </span></p> The article lists the basins…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37841882018-11-27T02:12:00.546ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The article lists the basins where there are ongoing programs to limit fugitive emissions. The Haynesville is not one of them. The issue for me is less about emissions per well groups (old or new, vertical or horizontal, etc.) as about the willingness of companies to address the problem. If we believe that methane is a powerful green house gas then there is benefit in limiting fugitive emissions wherever they occur and in whatever volume. This should be one of the lesser controversial…</p>
<p>The article lists the basins where there are ongoing programs to limit fugitive emissions. The Haynesville is not one of them. The issue for me is less about emissions per well groups (old or new, vertical or horizontal, etc.) as about the willingness of companies to address the problem. If we believe that methane is a powerful green house gas then there is benefit in limiting fugitive emissions wherever they occur and in whatever volume. This should be one of the lesser controversial climate issues as every mcf saved is money in the pocket of operators and mineral lessors. Even if the profit on the gas saved does not quite cover the early costs to address the problem for operators, they benefit by improved public perceptions and cut into the claims by hard greens that natural gas does not significantly benefit the effort to slow global warming. The major companies that have joined ONE Future have come to the conclusion that it is better to be seen as taking action as opposed to just ignoring climate change or claiming that the problem is of little significance. </p>
<p></p> Skip,
I'd appreciate it if y…tag:gohaynesvilleshale.com,2018-11-27:2117179:Comment:37840872018-11-27T01:38:29.106Zdbobhttps://gohaynesvilleshale.com/profile/dbob
<p>Skip,</p>
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<p>I'd appreciate it if you can post the segment of the article related to Haynesville companies lagging behind. Part of that may be due to how emissions are lumped in a given area. If you lump East Texas and North Louisiana (all production) as "Haynesville" the methane intensity of the older, lower producing conventional wells causes the methane intensity of the <span style="text-decoration: underline;">area</span> to be relatively higher. The methane intensity of…</p>
<p>Skip,</p>
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<p>I'd appreciate it if you can post the segment of the article related to Haynesville companies lagging behind. Part of that may be due to how emissions are lumped in a given area. If you lump East Texas and North Louisiana (all production) as "Haynesville" the methane intensity of the older, lower producing conventional wells causes the methane intensity of the <span style="text-decoration: underline;">area</span> to be relatively higher. The methane intensity of Haynesville wells tends to be fairly low due to high productivity with a limited surface equipment requirement. So I'm curious if the authors are lumping all production in the area, or are making the claim for Hanyesville/Bossier only.</p>
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