EQT Corp. and Diversified Energy Co. both earned a 'gold standard' distinction from the Oil & Gas Methane Partnership 2.0 (OGMP 2.0), the companies announced in separate press releases on Nov. 1.
OGMP 2.0 is a voluntary, measurement-based reporting framework sponsored by the UN Environment Project, Environmental Defense Fund and the Climate and Clean Air Coalition. With the goal of accurately and transparently reporting oil and gas methane emissions, the Gold Standard Pathway is the highest of five standards available through the organization.
EQT committed to increasing methane detection, monitoring and reporting as it joined the OGMP 2.0 in June 2021. Similarly, Diversified joined in May 2022 with a three-year timeframe to achieve Gold Standard Compliance.
"[A]mong this elite group of world-leading companies, EQT has the second lowest 2025 target methane intensity goal," EQT president and CEO Toby Rice said in his company's press statement.
"Taken together, these results further strengthen our argument that, in a world where we are facing an under supply of natural gas and an increasing reliance on coal, it is incumbent on the United States to develop the infrastructure necessary to meet global demand for clean, affordable and reliable natural gas," Diversified CEO Rusty Hutson, Jr., added.
Recommended Reading
Helmerich & Payne Announces New CFO J. Kevin Vann
2024-08-05 - H&P’s current CFO Mark W. Smith is set to retire Aug. 15.
Atlas Energy Solutions Elects CEO John Turner to Board
2024-08-27 - In electing CEO John Turner to its board, Atlas Energy Solutions increased the size of its board of directors from eight to nine members.
Trans Mountain Appoints New CEO, President
2024-08-23 - Trans Mountain appointed Mark Maki to CEO, succeeding Dawn Farrell who will now be chairman of the board.
Norwegian Energy Data Companies PGS, TGS Complete Merger
2024-07-02 - Norwegian companies PGS and TGS have completed their merger to create a full-service energy data company.
Cheniere’s Corpus LNG Stage 3 Project on Track for Year-end Start
2024-08-09 - Cheniere Energy., which boasts 45 mtpa of LNG production capacity, is on schedule for first LNG production from its Corpus Christi LNG Stage 3 project by year-end 2024, the company’s CEO Jack Fusco said during a quarterly earnings webcast.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.