Proposed EPA Methane Regulations Will Add Costly Requirements to Upstream Operations
The Oil & Gas Journal recently published an article by V&E partner Larry Nettles and V&E associate Corinne Snow in which they discuss EPA’s newly proposed regulations for methane and volatile organic compound (VOC) emissions and their effect on cost and operations in the upstream market:
The US Environmental Protection Agency (EPA) has proposed regulations for methane and volatile organic compound (VOC) emissions from the oil and gas industry that would place a number of new requirements on upstream operations, including capturing or combusting emissions during well completions, monitoring for fugitive emissions from equipment leaks, and making needed repairs. EPA also proposes to change how an oil and gas source is defined in ways that could put additional permitting burdens on upstream operations. Collectively, these regulations and changes could have widespread, costly, and time-consuming effects on upstream oil and gas operations. To read the entire article, follow this link.
Posted on 02/08/2016 3:33 PM