PennEnergy Resources LLC, an Appalachia-focused privately-held E&P company, achieved Project Canary's TrustWell certification across its entire operating asset and earned the highest ratings on 99% of its wells, the companies announced on Jan. 31.
Project Canary initiated its TrustWell environmental certification process in the third quarter of 2021, in which PennEnergy Resources' operations, across 378 wells were measured against strict environmental and social standards regarding, air, water, land and community.
As a result of earning Project Canary's top "Gold" and "Platinum" ratings on 375 of its wells, nearly all of PennEnergy Resources' production is certified 'Responsibly Sourced Gas' (RSG), a distinctive classification of natural gas produced in the most environmentally responsible manner. In addition to receiving TrustWell certifications, the company has deployed Canary X emissions monitoring devices, which detect and measure methane and other emissions in real-time.
"We've built our business around top talent and industry-leading ESG performance and are proud to achieve best-in-class status by Project Canary's rigorous review across all of our well pads," said PennEnergy Resources Chairman and CEO Rich Weber.
Project Canary delivers reliable independent energy ESG data through TrustWell certification and continuous monitoring technology. Project Canary's certification process independently analyzes over 600 data points across the ESG spectrum on a well-by-well basis to create a dynamic score. Continuous emissions monitoring technologies also help companies minimize emissions and demonstrate top environmental performance.
"Our independent analysis validates PennEnergy's commitment to operational excellence and ESG performance," said Project Canary co-founder and CEO Chris Romer. "Responsible operations and environmental stewardship are a top PennEnergy priority and we're proud to help further advance their progress in ESG leadership."
These ratings confirm and effectively demonstrate PennEnergy Resources environmental stewardship through verified, measured low-methane emissions as compared to local and industry benchmarks, effective water management, and well integrity programs, among other key operational areas.
Greg Muse, PennEnergy Resources president and COO, commented, "We're proud of our team's continued and collective successes, and we are happy to safely deliver RSG to meet the market's growing demand for affordable, low-emissions energy."