Again, the important graph is missing: radiant heat / production ratio. It looks like that ratio might actually be down.
I thought it interesting that the "Bakken [is/was] in full panic mode." Google search revealed .... nothing. The textbook on the shale revolution -- which will probably be the "shale bible" does not have "radiative heat" in the index. That book will be released on August 21, 2019.
By the way, an alternative spelling for "flaring": "opportunity."
Any permit for a greenfield plant to help manage this problem will be approved by the NDIC in a "New York minute."
Director's Cut, June, 2019, data, posted here. North Dakota sets all-time crude oil and natural gas production records.
Johnny Cage is a peaker oiler and shale hater. Wrong and wrong over again.
ReplyDeleteAs far as the fracking, ND should let the night skies burn. Feds are most of the problem with stopping pipes from getting run. So let them suck on the flaring. And no special treatment on the pricing. Unitize their asses.
You and I are on the same page but we might say it differently (LOL).
DeleteEarlier today a reader sent me an e-mail note suggesting that flaring was a huge waste of money.
My reply:
"We've discussed this often on the blog, but not in a long, long time. One will not "win" the argument for flaring / capturing based on economics.
I might have to bring that up on the blog again.
The big problem is the reservation -- BLM -- federal government."
I've never followed Johnny Cage over at twitter but it looks like he's another one that doesn't understand the Bakken. That doesn't mean that flaring is not an issue that needs to be addressed; it simply means Johnny Cage doesn't understand the Bakken.
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