>> The company’s timing could not have been better, considering that North Dakota just approved new flaring regulations.
Do you think that’s a coincidence? ;-)
Statoil has been talking and working on this aspect for a couple years.
http://www.statoil.com/annualreport2012/en/sustainability/casestudies/pages/shalegasandtightoil.aspx
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And so has North Dakota. They have been pushing the issue for a long time.