Addressing the Elephant in the Room
Get ahead of increasing regulations.
- Problem: Responding to increasing regulatory pressures.
- Solution: Locate methane leaks, measure concentration and flow rates.
- Benefit: Get ahead of regulations, rather than letting them hamper your operations.
Anxiety: we’ve all experienced it to some degree. Psychologists often relate the anxiety their patients experience to an elephant; it’s overwhelmingly large, it’s right there in front of you, and you can’t ignore it. The goal is to shrink the “elephant” to a manageable size.
At Satelytics, we listen to our customers and we have a good understanding of their anxiety. More than that — we have the tools to address our customers’ “elephants,” not only shrinking, but solving problems.
Increasing regulations are causing concern, especially within energy and fossil fuel industries — most notably oil & gas. New Mexico’s Oil Conservation Commission (OCC) and its parent agency, the Energy, Minerals and Natural Resources Department (EMNRD), were tasked by Governor Michelle Lujan Grisham two years ago to draft new regulations to help the state drastically decrease methane emissions. Now in effect, the OCC and EMNRD rules ban the venting and flaring of gas in the state (with limited exceptions); require flaring over venting (again, with limited exceptions); and require all oil & gas companies to capture 98% of methane emissions by 2026. These rules apply not only to upstream, but midstream organizations as well.
98%. That sounds like quite an “elephant.”
The good news is that Satelytics can help you achieve these regulatory goals.
Not only can we pinpoint where leaks are happening with specificity, but we can also measure methane concentration and the flow rate, and we can do so with “elephant-shrinking” accuracy. In fact, we are the only geospatial analytics company with the capability to measure flow rate. Our results have been field-tested and validated.
We’ve witnessed state governments and regulators throwing down the gauntlet and challenging those in the industries we serve. We’ve been there every step of the way — every pixel, every time — to not only meet these challenges but surpass expectations. A great example is our work in North Dakota with iPIPE.
New Mexico isn’t the first state, nor will it likely be the last, to increase oil & gas regulations. But this doesn’t have to be cause for increased anxiety.
Let us help you shrink your “elephants.”