Flaring of gas in the Permian Basin in the US in the first quarter of 2019 dropped for the first time in 1.5 years, according to Rystad Energy. Rystad Energy has been closely monitoring the level of natural gas flaring in the Permian since 2017. Our previous quarterly estimate suggested that basin-wide gas flaring reached record-high levels of beyond 660 million cubic feet per day (MMcfd) in the fourth quarter of 2018 and the first quarter of 2019. However, just released final data for the first quarter of 2019 have led to a downward revision of our previous flaring estimate by 7%, to 613 MMcfd. “This is the first ... (full story)