Flotek provides update on proposed amendements to EPA flare monitoring

Flotek (FTK) Industries provided an update regarding flare monitoring regulations issued by the Environmental Protection Agency, EPA. On December 20, 2024, the EPA issued proposed amendments to its New Source Performance Standards and Emission Guidelines for Existing Sources for the Crude Oil and Natural Gas Source Category rules issued on May 8, 2024, with respect to monitoring the Net Heating Value of flares to ensure that methane emissions are minimized. While the proposed amendments address many industry concerns regarding the complexity of the testing, they do not materially change the Company’s outlook regarding the potential addressable market for monitoring services including the scope of installations that will be subject to compliance.