Methane is a potent but short-lived greenhouse gas, so reductions can have immediate climate benefits. The oil & gas sector can reduce methane emissions using existing technologies, and an estimated 43% of emissions could be abated at at zero not cost or net profit. Furthermore, standard emission measurement techniques are thought to undercount methane emissions. Increased use of aerial, satellite, and infrared imaging has only recently begun to reveal their true scale. The US is the second-largest emitter of methane from oil & gas operations, and while emission intensity is below the global average, much room for improvement remains. Within the sector, oil & gas production accounts for nearly half of emissions, while gathering & boosting and natural gas distribution also have significant contributions. Emissions mainly originate from a variety of vented sources, especially pneumatic devices, as well as equipment leaks. Newly proposed EPA regulations would aim to decrease methane emissions 74% by 2030. Finally, the top methane emitting companies in the US are profiled in this report.
Scope
- Analyze the status of methane emissions from oil & gas, globally and in the US
- Analyze the sources of US methane emissions, by industry segment, emission process, and equipment
- Show the potential costs or profits of emissions abatement by equipment type
- Review proposed policies to regulate US methane emissions
- Profile top US methane emitting companies
Reasons to Buy
- Understand where methane emissions are highest along the oil & gas value chain
- Learn which steps can be taken to economically reduce methane emissions
- Review proposed EPA methane regulations
- View profiles of top methane emitting companies, including emissions breakdown and emission reduction steps being taken
Table of Contents
- Executive Summary
- Oil & Gas Sector Contribution
- Methane Emissions by Country
- US Methane Emissions
- Total Emissions and Intensity
- Emissions by Industry Segment and Process
- Top Emitting Companies in Upstream and Midstream Sectors
- The Emissions Abatement Opportunity
- Proposed Methane Regulations
- Top Methane Emitting Companies in US
List of Tables
Table 1: Proposed EPA New Source Performance Standards
List of Figures
Figure 1: Global GHG Emissions by Gas and Sector
Figure 2: Top Methane Emitting Countries in O&G, by Total Emissions and Intensity
Figure 3: US Oil & Gas Sector, Total Emissions and Intensity
Figure 4: Methane Emissions by O&G Process and Segment Proportion, 2020
Figure 5: Top Emitters for Upstream Activities and Top Midstream Emitters
Figure 6: Net Methane Abatement Cost in the US by Technology
Figure 7: Energy Transfer methane emissions by segment
Figure 8: Energy Transfer methane emissions by equipment
Figure 9: Energy Transfer CH4 emissions
Figure 10: Hilcorp Energy methane emissions by segment
Figure 11: Hilcorp Energy methane emissions by equipment
Figure 12: Hilcorp Energy CH4 emissions
Figure 13: Kinder Morgan methane emissions by segment
Figure 14: Kinder Morgan methane emissions by equipment
Figure 15: Kinder Morgan CH4 emissions
Figure 16: Occidental Petroleum methane emissions by segment
Figure 17: Occidental Petroleum methane emissions by equipment
Figure 18: Occidental Petroleum CH4 emissions
Figure 19: ExxonMobil methane emissions by segment
Figure 20: ExxonMobil methane emissions by equipment
Figure 21: ExxonMobil CH4 emissions
Figure 22: BP America methane emissions by segment
Figure 23: BP America methane emissions by equipment
Figure 24: BP America CH4 emissions
Figure 25: ConocoPhillips methane emissions by segment
Figure 26: ConocoPhillips methane emissions by equipment
Figure 27: ConocoPhillips CH4 emissions
Figure 28: Sempra Energy methane emissions by segment
Figure 29: Sempra Energy methane emissions by equipment
Figure 30: Sempra Energy CH4 emissions
Figure 31: Dominion Energy methane emissions by segment
Figure 32: Dominion Energy methane emissions by equipment
Figure 33: Dominion Energy CH4 emissions
Figure 34: Chesapeake Energy methane emissions by segment
Figure 35: Chesapeake Energy methane emissions by equipment
Figure 36: Chesapeake Energy CH4 emissions
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Energy Transfer
- Hilcorp Energy
- Kinder Morgan
- Occidental Petroleum
- ExxonMobil
- BP America
- ConocoPhillips
- Sempra Energy
- Dominion Energy
- Chesapeake Energy
- Diversified Gas & Oil Corp
- SF Holding Corp
- Scout Energy
- Fourpoint Energy
- National Grid USA
- Loews Corp
- Atmos Corp
- Targa Resources
- Enable Midstream Partners
- The Williams Companies
