
Chesapeake Energy Corp. achieved recertification of its natural gas production across the entirety of its Marcellus operations, according to a July 17 press release. (Source: Shutterstock.com)
Chesapeake Energy Corp. achieved recertification of its natural gas production across the entirety of its Marcellus operations, according to a July 17 press release.
In 2022, Chesapeake was the first to achieve MiQ and EO100 certification across two major basins. This year, the company earned an ‘A’ under the MiQ methane emissions standard and an ‘A-’ from Equitable Origin’s EO100 Standard for Responsible Energy Development.
The MiQ standard grades on an A to F scale according to methane intensity, company practices and the use of methane detection technology. Chesapeake was graded on its commitment to methane intensity reduction and its net zero emissions goal by 2035.
Equitable Origin gave Chesapeake a 95% or higher on five principles: corporate governance, transparency and ethics; human rights, social impacts and community investment; indigenous peoples' rights; fair labor and working conditions; and climate change, biodiversity and environmental impacts.
Chesapeake’s Marcellus natural gas operations averaged approximately 4.4 Bcf/d of gross natural gas in the first quarter of 2023. The company expects to obtain recertification of its Haynesville assets in December.
Recommended Reading
McKinsey: Shale Poised for Big Role in Long-term LNG Demand
2023-09-28 - A global LNG supply gap will begin to open up in the 2030s, according to a McKinsey & Co. analysis but the U.S. might lose its competitive edge if red tape, particularly around pipeline permitting, isn't addressed.
What's Affecting Oil Prices This Week? (Sept. 25, 2023)
2023-09-25 - For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.
Exclusive: EQT CEO on Unleashing the U.S. LNG Sector [WATCH]
2023-09-25 - In this Hart Energy LIVE Exclusive interview, EQT CEO Toby Rice describes what unleashing the U.S. LNG sector would look like.
Chart Talk: Global Oil Prices on a Massive Upward Trend
2023-09-24 - Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.