Kimmeridge Texas Gas and Kimmeridge-backed Commonwealth LNG have committed to an independent certification as part of achieving operational net-zero emissions in the companies’ natural gas sector, Kimmeridge announced Nov. 1.
The guidance provided by MiQ, a leader in emissions certification, will support Kimmeridge’s initiative to deliver “wellhead-to-water” gas that is net-zero on Scope 1 and 2 greenhouse-gas emissions.
The MiQ standard is used in about 20% of U.S. natural gas production.
Commonwealth LNG is developing a natural gas liquefication and export terminal in the Calcasieu Ship Channel near Cameron, Louisiana, and expects to reach final investment decision (FID) in the first half of 2025.
Both companies will work with MiQ to obtain certification. The process involves an audit of Kimmeridge’s and Commonwealth’s operations, with an emphasis on methane emissions, according to the announcement.
Following Commonwealth’s FID, Kimmeridge will undertake a reforestation project in Louisiana.
"Our commitment to seeking MiQ certification for our gas production underscores the critical importance we place on verifying every step of the natural gas value chain,” said Dave Lawler, Kimmeridge CEO.
Recommended Reading
McKinsey: Big GHG Mitigation Opportunities for Upstream Sector
2024-11-22 - Consulting firm McKinsey & Co. says a cooperative effort of upstream oil and gas companies could reduce the world’s emissions by 4% by 2030.
Water Management Called ‘Massive Headwind’ for Permian Operators
2024-11-21 - Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Suriname's Staatsolie Says Exxon has Withdrawn from Offshore Block
2024-11-20 - Suriname's state-run oil company Staatsolie said on Nov. 20 that U.S. oil giant Exxon Mobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.
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.