DEVON ENERGY TRIES TO MAKE MONEY BY FOLLOWING RULES

By Jay F. Marks – Devon Energy Corp. has managed to make the task of complying with new U.S. Environmental Protection Agency regulations into a moneymaking proposition in western Oklahoma. Devon Energy Corp. is using vapor recovery units, center, to capture emissions at this well pad near Geary. The captured gas can be sold rather than burned or vented into the air. Photo provided

The company has figured out a way to keep methane and other forms of carbon known as “volatile organic compounds” from leaking out of oil storage tanks in its operations in the Cana Woodford Shale. Devon is using vapor recovery units to compress the gas so that it can be placed into a pipeline to be sold. Otherwise, that gas would be burned off or simply leak out into the air.

“It keeps it out of the atmosphere,” said Jim Heinze, manager of production engineering for Devon’s Anadarko Basin unit. “It’s burned in somebody’s house.”

The EPA is cracking down on emissions of some volatile organic compounds, which can cause environmental or health problems.

Travis Dean, a Devon construction and facilities engineers, said new regulations that took effect last fall slashed the allowable amount of such emissions to 6 tons per facility. The limit had been 40 tons per facility, so oil and natural gas companies had their work cut out for them.

“Devon has a lot invested across the company to comply with these regulations,” Dean said. When possible, Devon now connects four well pads in the Cana to a single tank battery equipped with a compressor to prepare the vapor for sale. “If you can compress that gas, you can sell it and make money off of it,” he said.

Dean said Devon chose to work with Oklahoma City-based Flogistix in western Oklahoma because its vapor recovery units work well with low-pressure gas. He estimated Devon has been able to capture 99.86 percent of the emissions from its storage tanks in the Cana since adding those units.

Article Source: http://newsok.com/devon-energy-tries-to-make-money-by-following-rules/article/3753066


FLOGISTIX CHOOSES OKC FOR NEW CUSTOMER & EMPLOYEE SUPPORT CENTER

OKLAHOMA CITY, OK – Oil and gas service company, Flogistix, LP has opened it’s new Customer & Employee Support Center in Oklahoma City, it was announced today. New offices at 204 N. Robinson in downtown Oklahoma City will house senior management, marketing, production engineering and information technology personnel initially. “I could not be more excited about being back in business in Oklahoma City,” said Flogistix President and CEO Mims Talton. “Our city is perfect for building oil and gas service companies. It has the customer base, a skilled…


JOURNAL RECORD ARTICLE – FLOGISTIX DEVELOPS COMPRESSOR SYSTEM

OKLAHOMA CITY – Flogistix has developed the Flogistix Multi-Stream Compressor System. The patent-pending Multi-Stream Compressor System was developed to allow operators to increase oil and gas production and capture methane emissions more efficiently while no longer needing more than one compressor at a well site. “With Multi-Stream we can increase oil and gas production volumes, thereby enhancing cash flow and proved producing reserves, and collect the methane vapors for free,” said Mims Talton, Flogistix president and CEO of Oklahoma.


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