Summary
- Further refined data sets for the Oil & Gas Methane Emissions Reduction Project to come up with the use case for the Hyperledger Global Challenge 2022.
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Table 1: Emission and fuel production token data for select oil and gas basins in the U.S. in 2020.
Basin | Methane, mt CO2e C-NFT in | Flaring, mt CO2e C-NFT in | Oil |
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prod., mtoe C-NFT out | Gas |
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prod., bcm C-NFT out | O&G |
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prod., mtoe |
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(total out) | EF methane kgCO2e/toe |
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C-NFT index | EF flaring kgCO2e/toe |
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C-NFT index | EF total, kgCO2e/toe C-NFT index | |||||||
|---|---|---|---|---|---|---|---|---|
| Bakken, B | Bm = 35.30 | Bf = 3.17 | Bo = 60.43 | Bg = 27.94 | BT = 84.46 | 418.0 | 37.6 | Be = 455.5 |
| Niobrara, N | Nm = 4.07 | Nf = 0.16 | No = 237.25 | Ng = 56.62 | NT = 81.05 | 50.2 | 2.0 | Ne = 52.2 |
| Permian, P | Pm = 27.53 | Pf = 7.19 | Po = 1597.58 | Pg = 172.83 | PT = 366.54 | 75.1 | 19.6 | Pe = 94.7 |
U.S. Average | 298.5 | 15.2 | 313.7 | |||||
| Global Average | 229.9 | 38.7 | 268.5 |
The data in Table 1 are used to construct Carbon Trakers Non Fungible Tokens (C-NFTs) for each basin (producer), as introduced in this working paper. The C-NFT links the methane and flaring emission tokens to the corresponding fuel production tokens, which, are assigned to each C-NFT at the closure of a audit, verification and certification processes. The C-NFT provides an anchor for the embodied flaring and venting emissions, measured as the carbon intensity or emission factors (see right rolumns in Table 1) of the oil and gas fuel tokens.
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