TG Natural Resources LLC launched a pilot partnership to certify and deliver responsibly sourced gas (RSG) from its Haynesville shale operations.
The agreement with Project Canary marks the first international RSG pilot partnership as TG Natural Resources is jointly owned by Japan’s Tokyo Gas Co. Ltd.
“A differentiated market for responsibly sourced natural gas has arrived domestically and we’re proud to partner with TG Natural Resources on this agreement that will pave the way for expanded growth,” Chris Romer, Project Canary’s co-founder and CEO, commented in a company release on Oct. 4.
Project Canary is a Denver-based start-up at the heart of the RSG movement that has announced a slew of partnerships with companies across the energy sector this year focused on providing certification to U.S. natural gas produced with the highest environmental performance standards through its continuous monitoring technology and trusted, independent data and reporting. However, its latest landmark agreement aims to demonstrate that market is expanding.
“Natural gas is needed to address climate change globally and certified natural gas is the solution to ensuring that U.S. gas plays a primary role in the global energy transition,” Romer added.
Starting this month, Project Canary will install continuous emissions monitors and conduct TrustWell™ operational certification on select TG Natural Resources Haynesville well locations in East Texas and northern Louisiana, according to the Oct. 4 release.
Project Canary’s proprietary TrustWell™ operational analysis program includes 600 unique data points across 24 categories, which provides third party verification of operational responsibility. TrustWell™ certified RSG demonstrates the operator has utilized the highest standards and practices in all phases of their operations.
For more on the RSG movement check out the cover story “Responsibly Sourced” in the October 2021 issue of Oil and Gas Investor.
“This partnership will significantly advance our already strong environmental performance,” Craig Jarchow, president and CEO of TG Natural Resources, said in the release.
According to Jarchow, TG Natural Resources has already deployed technologies for aerial detection of emissions and arms its field personnel with cutting-edge emission-detecting devices.
“The capabilities provided by Project Canary will take our environmental performance to the next level,” he continued. “We and our investors strive for best-in-class environmental performance and Project Canary’s innovative, comprehensive approach makes them the right fit to help us produce results.”
TG Natural Resources owns over 304,000 net acres in East Texas and northern Louisiana, where produced over 385 MMcfe/d (about 20% liquids), as of December 2020, predominately sourced from the Haynesville and Cotton Valley formations, according to its website. The company is jointly owned affiliates of Tokyo Gas and Castleton Commodities International LLC.
Recommended Reading
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
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.
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.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.