Thursday, April 11, 2019

"Oil Producers [in Texas and New Mexico] Are Burning Enough 'Waste' Gas to Power Every Home in Texas"

Bloomberg:

Oil wells there produce gas as a byproduct, and because pipeline infrastructure hasn’t kept pace with the expansion, energy companies must sometimes choose between flaring and slowing production

...

with such an abundance of gas but also real difficulties in getting it to consumers, prices for the fuel in Permian have been cheaper than in other parts of the U.S., and earlier this month they went negative, meaning producers had to pay customers to take their gas.