Wednesday, August 14, 2013

Wyoming panel OKs flaring at Chesapeake oil wells

Wyoming regulators have approved Chesapeake Energy Corp.'s request to burn off natural gas from five oil wells north of Douglas, with a daily cap of 150,000 cubic feet of gas flared per well. The Wyoming Oil and Gas Conservation Commission made its decision Tuesday. Chesapeake says it has three other wells that each flare less than 60,000 cubic feet daily, which is below the threshold that requires commission approval. Oil companies often flare natural gas from wells if there aren't pipelines to move the gas out of the area. Some landowners, conservationists and politicians have lamented that the gas is burned off, not sold at market so the state can earn tax revenues. A state legislative committee is considering taxing flaring.

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