Shale drillers delaying emissions cuts from operations, says Federal Reserve
HOUSTON (Bloomberg) --Less than half of oil and natural gas drillers in the U.S. Great Plains and Rocky Mountains plan to curb emissions of carbon dioxide and methane this year, according to the Federal Reserve Bank of Kansas City.
Even fewer have any plans to cut back on flaring of excess gas or recycle water used in fracking wells, the Kansas City Fed found in its fourth-quarter survey of energy executives.
Those same managers said they need benchmark crude prices to average about $73 a barrel to justify new drilling and higher output. They foresee oil prices remaining above the $75 level through at least the middle of the decade, the survey found.
The Kansas City Fed’s jurisdiction includes Oklahoma, Wyoming, Colorado, Kansas, Nebraska and parts of Missouri and New Mexico.
Related News ///
Connect with World Oil
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More
- Biden rattles his saber at oil producers as prices surge to 2014 high (1/18)
- Carbon+Intel: DNV assesses hydrogen readiness of Hungarian gas pipeline (1/18)
- Russia’s February gas-transit plan leaves Europe in the lurch (1/18)
- Deadly UAE drone strikes raise risk in key oil-producing region (1/18)
- China’s fuel exports drop for a second year as quotas tighten (1/18)