Project Canary formed a new partnership in Colorado as demand increases for the Denver-based startup’s technology to certify low-emission intensity natural gas due to growing interest in the energy sector on ESG and sustainability.
Within this year so far, Project Canary has launched several projects for its continuous, on-site, real-time emissions monitoring technology and TrustWell™ certification including a pilot project with Chesapeake Energy Corp. announced last month that initially includes wellpads in northeast Pennsylvania and northwest Louisiana. Other notable partnerships include EQT Corp. and NextDecade Corp.
“Energy markets and stakeholders alike are increasingly demanding responsibly sourced natural gas that is certified by a trusted, independent source,” Project Canary co-founder and CEO Chris Romer said in a statement on May 12.
In its latest pilot project, electric and gas utility Xcel Energy agreed to buy natural gas produced by Crestone Peak Resources LLC and certified as “responsibly sourced” by Project Canary for its Colorado customers.
“With our best-in-class innovative technology and independent certification process, Project Canary is rapidly growing and we’re proud to be a key component of Xcel Energy and Crestone Peak’s data-driven, low carbon programs,” Romer added in his statement.
Watch Project Canary CEO Chris Romer Discuss the Role of Natural Gas in ‘100-foot ESG Tsunami’
Headquartered in Minneapolis, Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. The company, the largest utility in Colorado, was the first major U.S. power producer to commit to 100% carbon-free electricity by 2050.
Crestone Peak Resources is a top producer of oil and natural gas in the Denver-Julesburg Basin. To meet certified RSG requirements, Denver-based Crestone Peak Resources will utilize Project Canary’s independent, real-time methane emissions monitors and TrustWell™ certification process, making it the first Colorado producer to utilize the TrustWell certification on 100% of current production volumes.
“As the first Colorado energy producer to deploy real-time, continuous air quality monitoring on the majority of our well sites, Crestone understands the importance and value of demonstrating our commitment to responsible, sustainable energy production,” commented David Stewart, Crestone Peak Resources’ vice president of environment, health, safety and regulatory.
A fourth company—an undisclosed European multinational energy utility engaged in both domestic and international energy markets—is also involved in the partnership as the marketer of Crestone’s certified production, according to the joint release.
Project Canary also recently received a Series A investment from Energy Impact Partners (EIP). Xcel Energy is a partner and investor in EIP.
Recommended Reading
TotalEnergies Starts Production at Akpo West Offshore Nigeria
2024-02-07 - Subsea tieback expected to add 14,000 bbl/d of condensate by mid-year, and up to 4 MMcm/d of gas by 2028.
Well Logging Could Get a Makeover
2024-02-27 - Aramco’s KASHF robot, expected to deploy in 2025, will be able to operate in both vertical and horizontal segments of wellbores.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
2024-02-23 - The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
2024-02-27 - Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.