Environmental solutions company Montrose Environmental Group Inc. announced on May 8 the acquisition of Canadian emissions management firm GreenPath Energy Ltd. Terms of the transaction were undisclosed.
As part of the agreement, Greenpath’s leadership, including President Joshua Anhalt, will be incorporated into Montrose’s measurement and analysis segment.
GreenPath provides oil and gas companies methane emissions detection, measurement, reduction and elimination solutions and services.
“For energy producers, it is often hard to understand the problem of fugitive emissions and where to direct their resources,” said Montrose’s Terence Trefiak, senior vice president of leak detection and repair, North America. “Working together, we will be able to better track, manage, eliminate and reduce fugitive emissions, which supports clients with regulatory compliance, ESG and moving toward a low carbon economy.”
Recommended Reading
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
Artificial Lift Firm Flowco Seeks ~$2B Valuation with IPO
2025-01-07 - U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.
Post Oak Backs Third E&P: Tiburon Captures Liquids-rich Utica Deal
2024-10-15 - Since September, Post Oak Energy Capital has backed new portfolio companies in the Permian Basin and Haynesville Shale and made an equity commitment to Utica Shale E&P Tiburon Oil & Gas Partners.
Matador Resources Credit Facility Upped by 30% to $3.25B
2024-12-04 - Matador Resources’ 19 lenders unanimously approved a 30% increase to the E&Ps borrowing base to $3.25 billion.
Dividends Declared Week of Nov. 18
2024-11-22 - Here is a compilation of dividends declared in the week of Nov. 18 from select upstream and service and supply companies for fourth-quarter 2024.
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.