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To: thackney

At least we’re not burning it off like we used to.


2 posted on 01/08/2013 7:32:57 AM PST by Cold Heart
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To: Cold Heart

Extended natural gas flaring is getting quite rare in the US. It still goes on during initial well running before facilities get built out.

But regulations in most locations only allow it for an initial period. And many modern mineral royalties contracts now charge the producer for any gas that is removed from the reservoir. If they flare it or sell it, they still have to pay the royalty.


4 posted on 01/08/2013 7:42:58 AM PST by thackney (life is fragile, handle with prayer)
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To: Cold Heart

Our marketing folks are hot on propylene right now; prices are good and the propane fraction in the Eagle-Ford is quite good.

Good thing about NGLs, material focus is highly flexible.


9 posted on 01/08/2013 8:11:14 AM PST by Cletus.D.Yokel (Bread and Circuses; Everyone to the Coliseum!)
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