Analysis comparing Permian Basin operators producing over 1 Bcf/d in 2021 revealed that while the reporting of production to federal and state regulatory bodies was relatively aligned, the reported flaring volumes varied widely. Several factors could be contributing to this divergence, such as discrepancies in facility classification (production vs. gathering and boosting), underreporting of flaring […]
Written By: Mella McEwen, the Oil Editor for the Midland Reporter-Telegram. A new methane intensity tax is set to take effect beginning in 2024, and analysis shows smaller producers are facing significant exposure. Though repeal of the tax, which was included in the Inflation Reduction Act passed last summer, is part of a package of
Midland Reporter-Telegram: Operators Urged to Prepare Now for Methane Intensity Tax Read More »
On March 21, 2022, the Securities Exchange Commission proposed new climate-related disclosure requirements, to strengthen and standardize disclosures encouraged by its earlier 2010 guidance. Companies would start reporting climate-related risks along with greenhouse gas (GHG) emissions as early as fiscal year 2023. The extended public comment period closes June 17, 2022. Essential elements of the proposal
The state of methane regulation for the oil and gas industry has been in flux over the past few years as federal regulations issued by the Obama administration were challenged in court and then altered by the Trump administration. The Biden administration has signaled that it wants new regulation from EPA to be a top
