US Shale Producer PDC Energy Sets ‘Ambitious’ ESG Goals

PDC Energy Inc., a U.S. shale producer focused in the Wattenberg Field of Colorado and Delaware Basin of the Permian, established new environmental performance targets representing a major milestone in the company’s ESG journey, according to its CEO.

By 2025, PDC Energy has committed to further reducing its greenhouse-gas (GHG) emissions by 60% and methane intensities by 50% using 2020 as a benchmark. Further, the company said it also significantly accelerated its commitment in aligning with the World Bank in achieving zero routine flaring by 2025 as opposed to its prior commitment of 2030. 

“Our newly established environmental performance targets represent not only ambitious goals, but a major milestone for the company on its ESG journey,” commented Bart Brookman, president and CEO of PDC Energy, in a company release on Aug. 4.