Centennial continually monitors and manages greenhouse gas (GHG) and other emissions from our operations. We have installed emission control and gas capture equipment at facilities that account for essentially all of our horizontal production. Centennial performs routine infrared camera inspections to identify and expeditiously repair any leaks within the timeframes required by state and/or federal regulators.
We believe that transporting our crude oil production by pipeline is not only efficient but also the safest means of transportation. Pipeline transportation helps us reduce emissions, highway traffic and the risk of accidents. Companywide, approximately 90% of our crude oil production is transported via pipeline.
Centennial also strives to limit the amount of natural gas flared at its wellheads. To help achieve our goal of 100% gas-capture, Centennial has secured firm natural gas pipeline capacity to market hubs outside of the Permian Basin for all of its expected residue gas production for the next several years. This will minimize potential gas flaring, allowing Centennial to capture its produced natural gas and safely transport it to end-users.