SOURCE: Industrial Info Resources

Industrial Info Resources

September 13, 2013 06:10 ET

North Dakota Gas Flaring Costs Producers $1.2 Billion Each Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Sep 13, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Rapidly rising crude-oil production in North Dakota has triggered a surge in natural gas flaring there, which is damaging the environment and lowering revenue for oil & gas producers, according to a recent report from Ceres (Boston, Massachusetts), a corporate sustainability organization. In 2012, the value of gas flared in North Dakota was $1.2 billion -- about $100 million per month, or $3.6 million per day, Ceres calculated in its recent report, "Flaring Up."

Other companies featured: Bank of America Corporation (NYSE:BAC), Coca-Cola Company (NYSE:KO), Citigroup Incorporated (NYSE:C), Ford Motor Company (NYSE:F), General Motors (NYSE:GM), JPMorgan Chase & Company (NYSE:JPM), State Street Corporation (NYSE:STT), Wells Fargo & Company (NYSE:WFC), Continental Resources (NYSE:CLR), Hess Corporation (NYSE:HES), Whiting Petroleum Corporation (NYSE:WLL), EOG Resources Incorporated (NYSE:EOG)

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