Airborne methane surveys pay for themselves: An economic case study of increased revenue from emissions control

F Johnson, A Wlazlo, R Keys, V Desai, EB Wetherley… - 2021 - eartharxiv.org
F Johnson, A Wlazlo, R Keys, V Desai, EB Wetherley, R Calvert, ESF Berman
2021eartharxiv.org
We present an economic analysis of an emissions monitoring and capture program for a mid-
sized Permian Basin operator, Triple Crown Resources (“Triple Crown”). Data from this
campaign was gathered using repeat airborne surveys provided by Kairos Aerospace
(“Kairos”). Key findings include:-The total volume of detected emissions from Triple Crown
operations decreased by 70% from the first to the second survey.-Captured gas revenue in
the first month was approximately $139,000 and paid for the full cost of the first campaign …
We present an economic analysis of an emissions monitoring and capture program for a mid-sized Permian Basin operator, Triple Crown Resources (“Triple Crown”). Data from this campaign was gathered using repeat airborne surveys provided by Kairos Aerospace (“Kairos”). Key findings include: - The total volume of detected emissions from Triple Crown operations decreased by 70% from the first to the second survey. - Captured gas revenue in the first month was approximately $139,000 and paid for the full cost of the first campaign (including survey, follow-up inspection, and repair) within 5 days. -Analysis of emissions detected from a range of anonymized Permian Basin operators show that a mid-sized operator with a median emissions profile could expect a campaign to pay back in 16.8 days. -Gas samples collected from various points across Triple Crown’s operation showed significant variation in gas value, with tank vapor gas priced as high as $22/MCF. - Kairos survey technology was found to be an effective and highly competitive option for carbon reduction relative to wind, solar, and LED lighting, achieving a cost of $0.54 for every one tonne of CO2e eliminated.
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