|New Oil, Gas Greenhouse Gas Reporting Mandates Finalized|
New Oil, Gas Greenhouse Gas Reporting Mandates Finalized
On October 22, EPA issued a final rule (80 FR 64262) requiring oil and natural gas companies to collect additional greenhouse gas emissions data. More than 2,100 facilities will have to begin collecting and reporting the new emissions data beginning January 1, 2016 with the first reports due to the agency by March 31, 2017. Under the final rule, companies will be required to gather data from gathering and boosting systems, completions and workovers of oil wells using hydraulic fracturing, and blowdowns of natural gas transmission pipelines.
There are currently limited data on greenhouse gas emissions from those sources, according to EPA, and the agency says the modifications, originally proposed in December 2014, will improve the quality of information it collects under its mandatory greenhouse gas reporting program (79 FR 76267). The final rule also comes as the agency seeks to reduce emissions of methane from the oil and natural gas sectors.
“These amendments provide clear monitoring, calculation and reporting requirements for new segments and sources,” EPA wrote in the rule. “These amendments will also improve the EPA's ability to assess compliance by adding reporting elements that allow the EPA to more thoroughly verify greenhouse gas data and understand trends in emissions.”
In addition to the new sources covered by the final rule, oil and natural gas facilities will be required to report well identification numbers for oil and gas wells covered in the Onshore Petroleum and Natural Gas Production segment. The final rule also includes confidentiality determinations for certain new data required to be reported to the agency. In addition, the rule adds reporting requirements for oil well completions and workovers with hydraulic fracturing to the existing Onshore Petroleum and Natural Gas Production industry segment.
To see an EPA fact sheet on the final rule, go to http://1.usa.gov/1jTXg5b.