October 16, 2021
The chart shows forecast of GHG emissions from exploration, production, transportation, and refining of oil. It includes mostly fugitive leaks and flaring.
In 2019 GHG emissions reached its peak of 86.4 MtCO2eq primarily because of flaring of associated gas related to Tight Oil production. In 2020-2021 in infrastructure in Permian and mostly in Williston basins led to reduction of flaring and overall reduction of GHG emission.
GHG emission increase slightly after 2022-23 due to tight oil production growth and then return to declines post 2027.
Includes fossil fuel combustion required to produce oil.