Happy Tuesday!
Did anyone
happen to read The Houston Chronicle’s Business Section on March 29, 2024,
their article titled, “Rule targets flaring of natural gas – Regulation orders
companies on U.S. land to take ‘reasonable steps’ against waste”? The article was in regard to an announcement
the U.S. Department of Interior Bureau of Land Management (BLM) made last
week for companies who are drilling on public and tribal lands will have to take
‘reasonable steps’ to stop flaring or allowing leaks of natural gas by either repairing,
using any reasonable best practice, or by using new technology, or they will
have to pay royalties on the ‘avoidable losses’ of natural gas. This is the first time in over forty-years the
law has been updated. It is expected to reduce
emissions and bring in an additional approximately $50 million to the American
Taxpayer. This Waste Prevention Rule
goes in line with the current administrations goal of reducing emissions in the
Oil and Gas industry. If you would like to read more of The
Houston Chronicle’s article for free on Microsoft Start, please
click the link: BLM orders oil companies to curb flaring, venting on federal lands (msn.com).
If you would
like to see the announcement from the BLM, please click the link: Interior Department finalizes rule to reduce oil and gas waste on public and Triballands | Bureau of Land Management (blm.gov).
If you would
like information about the final rule for Waste Prevention from the
BLM, please click the link: Waste Prevention Rule |Bureau of Land Management (blm.gov).
If you would
like help in looking into how to reduce your emissions and help with adopting
best practices, contact us via email in the blog and check out our ESC's website!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read The
Houston Chronicle’s article. **