Ok, Bubba @iou
“A trillion cubic feet of #naturalgas in the Permian Basin of West Texas has been flared since 2013, according to the U.S. Energy Information Administration”
“Currently, more than 300 million cubic feet of natural gas is flared daily, with at least half of it coming from routine flaring. This number is expected to climb back to close to 400 million cubic feet per day by the end of 2021, according to Rystad #Energy”
“The value of flared and vented gas, despite its relatively low cost, is staggering: the gas released in 3Q2019 alone had a value of more than $500 million.”
The lowest in the era doesn’t mean low or none. Improvement is relative, and by all metrics it ain’t good enough.