Natural Gas Stripping Technology on the Rise
Montana-based GTUIT is leasing natural gas stripping units to oil companies to help capture natural gas liquids and reduce the amount of flaring in the oil patch. The company has leased seven units in North Dakota, with 21 additional units under contract. Other companies selling the gas stripping units include Bakken Frontier, Recapture Solutions, Torrent Energy Solutions and GOCH4. State regulators are working to determine how to track these new technologies and to ensure that royalty payments from stripped liquids reach mineral owners. Read more in the Bakken Breakout.