The volume of waste natural gas that is flared or vented at the wellhead in the Permian Basin tripled between early 2017 and the fourth quarter of 2018 and has been range bound since then between 550 MMcf/d and 750 MMcf/d, “undoubtedly a very high volume,” according to analysts at Rystad Energy.
Rystad
Articles from Rystad
OPEC, Allies Shutting Off More Oil Output Through March
The Organization of the Petroleum Exporting Countries, aka OPEC, and its allies on Friday agreed to reduce overall production levels by another 500,000 b/d from January through March.

U.S. Unconventional Sector Said Finally Turning Cash Flow Positive
In what is called a “remarkable turnaround,” the second quarter was the first three-month period on record for Lower 48 explorers overall to achieve positive cash flow from operations after accounting for capital spending.

NGI The Weekly Gas Market Report
Deepwater a Natural Gas Treasure Trove of Discoveries in 2019
Natural gas and oil discoveries around the world have continued to show promising growth this year, with new finds totaling 6.7 billion boe through June, according to an assessment by Rystad Energy.

Permian Producers Venting, Flaring Record NatGas Volumes as Prices Tank
As spot prices in the region have languished near or below zero, natural gas flaring and venting in the Permian Basin has climbed to an all-time high, according to new estimates published this week by Rystad Energy.

NGI The Weekly Gas Market Report
Australia’s Slot as Top LNG Producer Will Be Short-lived, Says Analyst
Australia is poised to become the world’s largest producer of liquefied natural gas (LNG) next year and will retain that position until 2024, when Qatar will reclaim the top production spot, according to independent energy research and consulting firm Rystad Energy.

Lower 48 E&Ps Forecast to Increase Oil Production in 2019 by 16%
Lower 48 explorers are on track to increase oil production by 16% this year, with growth of around 1.1-1.2 million b/d, according to Rystad Energy.
North America’s Tight Oil Said Second Only to Middle East as Cheapest Source of Global Volumes
North American tight oil is emerging as the cheapest source of new global oil volumes, second only to the Middle East onshore market, according to Rystad Energy.
Permian In-Basin Fracture Sand On Pace to Surpass Northern White
Permian Basin in-basin sand production by one count has reached more than 60 million tons/year, and in-basin operations are growing in other areas, reducing demand for the ever-popular northern white as companies work to reduce costs and improve efficiencies.

Best Performing E&Ps in Lower 48 Unearthing Resources Below WTI Breakeven, Says Rystad
Breakeven prices on prime U.S. onshore acreage over the past two years generally have been in the range of $30-40/bbl of West Texas Intermediate (WTI), but the “best performers” are uncovering resources below $20, according to Rystad Energy.