Right here in America there is a modern day oil & gas boom. Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Shale Formation of the Williston Basin Province, Montana and North Dakota.

Friday, September 30, 2011

Bakken Natural Gas Flaring: A Giant Step Backward or an Opportunity in Disguise?


In North Dakota, the Bakken oil shale field has created tens of thousands of jobs, a resulting housing shortage-driven boom, the lowest state unemployment in the country and sorely needed tax revenue.
But it also created something else, a problem that has nothing to do with oil. It’s all due to a process known as natural gas flaring. (See the typical flare picture below.)
Most of the oil wells also produce natural gas. When the mixture comes to the surface, the oil is pumped to the surface and stored in tanks.
The natural gas is separated from the oil. Most of the natural gas is sent through pipelines to processing plants. Some Bakken producers simply send it up a vertical pipe with an igniter at the end and burn it…

Source:  Investment U 


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