Range Resources Corp. has set a goal to achieve net-zero greenhouse gas emissions by 2025, the U.S. shale producer said in an Aug. 26 release.
The Fort Worth, Texas-based independent E&P company’s net-zero ambitions follow emissions reductions targets set by several international oil majors including BP Plc and Royal Dutch Shell Plc as the sector continues to face pressure from investors and activists over climate change. Williams Cos. Inc., a pipeline company based in Tulsa, Okla., also unveiled net-zero carbon emissions targets on Aug. 26.
Range, a natural gas and NGL producer with operations focused on stacked-pay projects in the Appalachian Basin, said it is already a leader in emissions reductions among its peers. Citing third-party data from Rystad Energy, the company puts its ranking among the lowest in CO₂ emissions intensity in a group of 58 global oil and natural gas producers.