The oil and gas industry in Alberta takes it on the chin again. While producers are facing bankruptcy and the federal government is handing cheques out to everybody outside Alberta it seems they can’t catch a break. The Alberta regulator is light years ahead of their neighboring provinces when it comes to getting a handle on inactive oil and gas assets yet they don’t get any good press for leading the way. Learn more: http://www.cbc.ca/1.4108164
The Alberta oilpatch may have to double methane reduction strategies to meet its target of a 45% reduction. Currently only venting and flaring are required to be measured which is not accounting for a large percentage of total methane entering the atmosphere.
Recently studies were completed where oil producing regions were flown over to determine methane release. The fly overs also measured ethane to eliminate cattle methane production from their findings. In Lloydminster specifically the methane measured was almost 4 times the reported amounts from industry. Other areas were more accurate with Red Deers actual emissions being roughly equal to the reported totals.
If methane can be captured there is potential to generate 1.6 Billion of saleable gas but the cost for producers to meet regulatory drafts may be 3.3 Billion.
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