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U.S. Energy Development Corp., an Arlington exploration and production firm, said it completed several pipeline projects in Texas’ Eagle Ford shale play.
U.S. Energy said it completed the LLM South B, LLM South C, LLM North A, Sola Vaca Norte A, Hideaway Ranch A, and Hideaway Ranch E midstream infrastructure development projects.
“The $607,000 pipeline project is a proactive approach by U.S. Energy to reduce flaring, thereby decreasing the firm’s carbon footprint and inherently benefitting its stakeholders,” U.S. Energy said in a release. “Often the economics of laying pipelines do not justify the value gained from selling the gas, which results in the gas being flared. As the Texas Railroad Commission continues to increase pressure on upstream companies to reduce flaring, U.S. Energy saw this project as an opportunity to get ahead of the curve by eliminating its Eagle Ford area flaring.”
“This is an exciting announcement for U.S. Energy as flaring reduction has been an initiative of ours for over the past six months,” U.S. Energy’s Vice President of Operations Kevin Duncan said. “Tying in the LLM, SVNA and Hideaway Ranch A & E pipelines eliminates the flares from some of our most significant gas producers.”
The company continued, “since December 2020, this project and similar developments have reduced field flaring by a total of 88%. The firm’s goal is to eliminate its flaring in the basin by the end of 2021.”
U.S. Energy has achieved long-term growth through aggressive acquisition and development of oil and natural gas projects throughout North America. The firm is active in all major US basins and currently maintains approximately 300,000 gross acres held by production for potential future oil and natural gas development.