Permian flaring at historic low

FLARING the Permian Basin dropped to a historical low of 390 million cubic feet per day in the last quarter of 2020, far below prior highs of close to 1 billion cubic feet per day.

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Rystad Energy suggests only 1.6% of gas produced in the prolific basin was flared, which it calls a shale-era record low. This compares with 1.7% in the third quarter.