The Economics of Natural Gas Flaring in U.S. Shale: An Agenda for Research and Policy

By Mark Agerton, Ben Gilbert and Gregory B. Upton Jr.

The authors identify bottlenecks in the oil the oil and gas value chain that physically cause upstream flaring at the well; analyze the economic reasons for flaring, market distortions that could exacerbate it, and the cost to society of flaring, then lay out an agenda for researchers and policymakers.