First published in Oil & Gas Financial Journal, September 2016
By Larry Nettles and Corinne Snow
V&E partner Larry
Nettles and V&E associate Corinne Snow recently authored an article on EPA's economic analysis of the new "Quad Oa" regulations of methane and volatile organic compound air emissions
from the oil and gas sector. EPA now estimates that the costs of complying with
the rule will be significantly higher than its initial estimates in the fall of
EPA nonetheless concluded that this rule will have a net economic benefit, based in large part on the high dollar value that EPA placed on the reduction in greenhouse gases that it anticipates achieving through this rule. EPA's assessment indicates that the costs of this new rule will be felt most heavily by the upstream segment of the oil and gas industry. Upstream operators will face new capital costs for equipment, as well as ongoing monitoring and reporting obligations. To read the full article, click here.