Breaking News Bar

Business News and Information

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

SUGAR LAND, TX -- (Marketwired) -- 09/13/13 -- 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)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle¬ô, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Add to Digg Bookmark with Add to Newsvine

Joe Govreau

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
bottom clear