Chesapeake Achieves ESG ‘First’ for Legacy Haynesville Shale Gas Operations

Chesapeake Energy is the first shale producer to certify Haynesville natural gas operations jointly under the MiQ methane standard and the EO100 standard for responsible energy development, according to a company release.

Hart Energy Staff
Chesapeake Achieves ESG ‘First’ for Legacy Haynesville Shale Gas Operations

Chesapeake Energy added that achieving the certification supports its overall objective of reaching net-zero direct greenhouse-gas emissions by 2035. (Source: Hart Energy)

Chesapeake Energy Corp. said Dec. 21 it had achieved Grade “A” MiQ and EO100 certification for its legacy Hayensville operations, making Chesapeake the first shale producer to certify Haynesville natural gas operations jointly under the MiQ methane standard and the EO100 standard for responsible energy development, which covers a broad range of ESG criteria.

“Achieving a Grade ‘A’ certification from MiQ marks an important initial step on our path to demonstrating a commitment to embracing a lower-carbon future with a sustainable and socially responsible business,” Nick Dell'Osso, president and CEO of Chesapeake, commented in a company release.

A digital registry will issue one joint MiQ-EO100 certificate for each million Btu of certified natural gas from the wells that make up Chesapeake’s legacy Haynesville Shale operations. These certificates will be ready for delivery to buyers and traders of certified natural gas through Chesapeake’s account on the digital registry—the first encrypted platform capable of enabling a universally accepted way to trade certified natural gas.

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