Lab Seminar "Flaring of Associated Gas: Descriptive Evidence and Policy Remedies"

Mark is talking about the policy perspective.
Mark is talking about the policy perspective.

Lab member Mark Agerton presented his research on oil production. Oil production in West Texas’ Permian Basin has exploded over the last decade, and so has production of associated natural gas. Unfortunately, gas production has outstripped pipeline and processing infrastructure, leading firms to burn (flare) large volumes of gas at the wellhead. Last fall, flaring reached 750 billion cubic feet per day---the daily emissions equivalent of 3 million cars. Mark discussed why incentives in the private market may not be enough to eliminate flaring; how market power in the midstream infrastructure may lead to flaring; and provide policy recommendations