Tuesday, November 27, 2012

Green Completions Cut Gas Drilling Pollution, Produce Revenue, And Are Becoming Common: EQT Leading The Way

Like all major energy sources, natural gas production is industrial activity that cannot be done with no impact on the environment.  But again like all energy sources, natural gas's impacts vary depending on the practices and technology used to produce it.

A big step in reducing the impact of gas production and making gas cleaner are green completions.  http://articles.philly.com/2012-11-25/business/35348948_1_natural-gas-shale-gas-completions.  Indeed, progress in green completions is among the most important advances within the gas industry, and so it was good to see EQT and its embrace of green completions featured in the linked to story by Andy Maykuth.

Green completions matter, because they reduce air pollutants, including methane leaking into the atmosphere.  Indeed, green completions cut substantially the amount of methane that leaks throughout the full gas production cycle, thereby increasing the climate advantages of gas, when compared to coal and oil.

Green completions also increase gas volumes and revenues for gas companies and so come close to paying for themselves.  They are another example of good business and good environmental practice being the same.

Probably more than half of all gas wells in the USA are already green completed but that number will jump higher by 2015, when an EPA rule requiring broad use of the technology is scheduled to take effect.  The EPA rule, however, is being challenged in court by industry that thinks the rule goes too far and environmentalists that think the rule does not go far enough.

Given the reality of those legal challenges to the EPA air rule and the uncertainty that they create, steps taken today by EQT and others to use more green completions are especially important.

3 comments:

  1. Timely topic John. I have been listening to the roaring of a gas well being flared for a week now. It spews and drowns out all sounds. I cannot even hear myself think! It makes me anxious. It sounds like a jet has positioned itself over and around us. It bounces off the valley walls and whacks us again. Green?? When??

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  2. Really, can anyone tell me when Green Completions are going to be used? This is like telling people there is a vaccine for a disease but you don't qualify for it. Some date in the future does not help us. Making it voluntary does not either. Seems the diesel issue was a gentlemen's agreement or something. I just want this flaring to stop. What a waste of a precious resource!(thought I'd try that approach because my anxiety and sleeplessness from flaring does not seem to get anyone's attention, money always does).

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    1. The EPA rule requires green completions for most wells and is scheduled to go into effect in 2015. It must survive legal challenges.

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