ExxonMobil says its greenhouse gas reduction measures could lead to significant improvements in emissions performance over the next two years including a 15 percent drop in methane emissions and a 25 percent cut in flaring.
Thanks to leak-detection-and-repair efforts designed by its partner, XTO Energy, methane emissions were cut by 2 percent in the past year.
XTO is a company with heavy operations in Oklahoma where it has nearly 300 employees as well as district offices in Ardmore, Elk City, Healdton, McAlester, Oklahoma City, Ringwood and Tyrone. Its operations expand to 25 different counties where it produces 349 million cubic feet of gas a day along with 14,000 barrels of oil daily.
XTO and ExxonMobil merged in 2010 and since then, ExxonMobil has continued spending billions on lower-emission energy solutions. Combined with additional measures outside the U.S. focused on the most significant sources of methane, ExxonMobil expects to achieve a 15 percent reduction of methane emissions by 2020 compared with 2016.
Efforts associated with oil and gas production and processing are expected to lower natural gas flaring across ExxonMobil operations by about 25 percent by 2020 compared with 2016. The most significant reductions are expected to occur in operations in West Africa and include use of third-party infrastructure.