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.
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