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
SLB Launches New GenAI Platform Lumi
2024-09-17 - Lumi’s machine learning capabilities will be used to enhance SLB’s Delfi digital platform offering for better automation and operational efficiencies.
PakEnergy Plows Ahead with New SCADA Solution
2024-09-17 - After acquiring Plow Technologies, home of the OnPing SCADA platform, PakEnergy looks to enhance its remote monitoring solutions.
ChampionX Releases New Plunger Lift Well Solution
2024-09-13 - The SMARTEN Unify control system is the first plunger lift controller in ChampionX’s SMARTEN portfolio.
HNR Increases Permian Efficiencies with Automation Rollout
2024-09-13 - Upon completion of a pilot test of the new application, the technology will be rolled out to the rest of HNR Acquisition Corp.’s field operators.
Chevron Launches New Hydraulic Fluid for Marine, Construction Use
2024-09-10 - Chevron said its Clarity Bio EliteSyn AW hydraulic fluid meets or exceeds the biodegradation, toxicity and bioaccumulation limits set by government regulations.
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.