The problem of methane emissions from traditional gas lift operations is an issue that operators can no longer afford to ignore. Proactive measures to mitigate or eliminate methane emissions at the well must strike a balance between well economics and environmental mitigation. A new approach to gas lift is offering a better answer. The patented QuickSet® skid by Liftrock eliminates methane emissions associated with the gas lift process, employing a unique closed-loop gas lift design that captures 100% of escaping well gas. Instead of allowing fugitive gas to escape into the atmosphere, QuickSet captures and reuses the escaped gas as fuel gas or for gas-lift operations. In addition, this system eliminates the need for compressor dump-line methanol injection. With the QuickSet employed, shutdown events associated with atmospheric tanks are also eliminated, leading to improved facility uptime and gas lift performance. QuickSet’s integrated measurement and telemetry system provides real-time data on the associated methane, Volatile Organic Compounds (VOCs), and Hazardous Air Pollutants (HAPs) that are prevented from releasing into the atmosphere. A detailed monthly report which allows operators to document the carbon footprint reductions pertaining to each facility. The emissions data collected by QuickSet units to date indicate that on average, a single, gas-lifted well can emit approximately 9.125 MMSCF per year, while also putting 140 tons-per-year of Volatile Organic Compounds (VOCs) and 8 tons-per-year of Hazardous Air Pollutants (HAPs) into the environment. By eliminating the release of 9.125 MMSCF per year per well on a 16-well pad, QuickSet can deliver an additional $584,000 per year in gas savings revenue (9.125 MMSCF x 16 wells = 146 MMSCF x $4/MMSCF = $584,000), while eliminating 2,240 tons per year of (VOCs) and 128 tons-per-year of (HAPs). Viewed another way, gas-lift design studies show that for every 1% less-than-targeted gas-lift injection rate there is an equal negative impact to production. Considering the emissions data referenced above, there is a 5% loss (.025 MMSCFD per every .500 MMSCFD) in gas-lift volume. With production volumes at 250 bbl/day/per wells at $50.00/bbl, a single QuickSet skid could save an operator $3.65 million per year (250 bbl/day x $50/bbl = $12,500 x 16 wells x 365 days = $73 MM x 5% = $3.65 MM) by utilizing that gas for its intended purpose of production enhancement, versus emitting it to the atmosphere. Eliminating emissions at the well often requires additional investments, leading to an increase in operational burdens. QuickSet is the only gas-lift system to date that eliminates methane emissions during gas lift, while also improving uptime and increasing cash flow. Find out more at www.liftrock-co.com.
Contact: BJ Ellis Liftrock Email: email@example.com Phone: 817.408.6967