(Source: Shutterstock.com)
Permian E&P Diamondback Energy Inc. reported reducing its Scope 1 greenhouse-gas (GHG) intensity by 20% compared to their 2019 baseline, the company said in its Sept. 26 Corporate Sustainability Report for 2022.
The company also retired carbon credits to offset 1.5 million tons of CO2 emitted, which enabled them to achieve zero net Scope 1 emissions and moved them toward their 50% GHG reduction target by 2024.
Diamondback also used recycled water in 41% of their operations, exceeding their annual target by 28%. The company dedicated 8,896 personnel hours to key safety topics, up from 2,565 hours in 2021.
The online report outlines Diamondback’s approach to sustainability, commitment to environmental responsibility, managing and reducing risks, governance and business ethics, and our commitment to our people and communities. The report highlights Diamondback’s performance in these categories through December 31, 2022, discusses Diamondback’s sustainability targets and 2023 initiatives.
Recommended Reading
China Stops US LNG Imports Following Shipping Tariff
2025-03-18 - The country, which put a 15% tariff on U.S. LNG imports, has gone more than 40 days without a delivery, the longest gap since 2023, according to a report from Bloomberg.
Market Volatility Sidelining Some Energy Investment
2025-03-18 - Needed permit reform will take time and general policy uncertainty could slow-play natural gas projects.
Meta, RWE Enter Offtake Deal from 200-MW Texas Solar Project
2025-03-18 - Meta will acquire 100% of the output from RWE’s Waterloo Solar project in Bastrop County.
Green Plains Begins Constructing Carbon Capture Equipment for Nebraska Project
2025-03-18 - The project, expected to start up in second-half 2025, will enable the permanent sequestration of about 800,000 tons of biogenic CO2 each year, Green Plains says.
Corrolytics Diagnoses Corrosive Microbes Before Symptoms Appear
2025-03-18 - Cleveland startup Corrolytics offers a solution to detect microbial corrosion rates on site and in near-real time—and head off a problem that costs trillions of dollars to industrial assets worldwide.
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.