E&Ps' Social License Threatened By Permian Flaring

摘要

Mitigating the rampant flaring of gas in the Permian Basin is critical for the E&P industry to maintain its social license to operate and access the capital needed to do so, industry insiders and observers concur. Regulators, bankers and increasingly producers alike recognize the black eye flaring has given the industry, and a report from consultants at Gaffney, Cline & Associates shows that the top companies in the West Texas and New Mexico basin are working to rectify it.