Flaring and venting gas in N.M.’s upstream and midstream operations are a hotly debated issue among operators, activists, the new Administration, state regulators, and a divided populace. For some perspective, N.M., in 2020 collected $2.6 billion in oil and gas revenues—36% of its total revenues—to fund schools and infrastructure. Reese Energy Consulting today is following the latest news from the Land of Enchantment state, which now has finalized new rules to ban routine flaring by 2026. Methane leaks and flared gas not only are harmful to the environment, but also a source of lost revenue. REC’s natural gas expertise has prompted numerous E&Ps and midstreamers to engage us and help them navigate new policy changes to get ahead of drop-dead compliance dates. This means everything from in-depth research, strategic planning, and economic cost analysis, to identifying and vetting the best emissions-control technologies that return hefty revenues.
How can we help you? Learn more about REC and our natural gas services and operations expertise at www.ReeseEnergyConsulting.com.