Energy Transfer LP created a new group the Dallas-based company said Feb. 11 is tasked with increasing its efforts to develop alternative energy projects and reduce its carbon footprint.
Operator of the infamous Dakota Access Pipeline (DAPL), Energy Transfer has been embroiled in legal battles over the past five years over its DAPL project, which now faces new threats from the Biden administration.
Energy Transfer, which began in 1996 as a small intrastate natural gas pipeline operator, has since grown into one of the largest and most diversified midstream service providers with logistics and transportation platforms for natural gas, NGL, crude oil and refined products. In 2019, the company also signed its first-ever dedicated solar power purchase contract for its Maplewood 2 project located in the Permian Basin.
The newly formed Alternative Energy Group will continue, the company said in a Feb. 11 release, Energy Transfer’s focus on renewable energy projects such as solar and/or wind farms, either as a power purchaser, or in partnership with third party developers. Led by Tom Mason, the group will also look to develop renewable diesel and renewable natural gas opportunities “when they make economic sense,” the company added.
Potential projects could involve the utilization of existing pipelines throughout Energy Transfer’s extensive pipeline system, which consists of more than 90,000 miles of pipelines crossing 38 states, according to the release.
Under the leadership of Mason, who has spent the past 14 years of his 30-year career in the industry as Energy Transfer’s general counsel, the Alternative Energy Group will also help the company continue to reduce its environmental footprint throughout its operations. Energy Transfer noted in the release it has been reducing its greenhouse emissions over the past 10 years.
Mason will continue as Energy Transfer’s general counsel as well.
Recommended Reading
E&P Highlights: Aug. 26, 2024
2024-08-26 - Here’s a roundup of the latest E&P headlines, with Ovintiv considering selling its Uinta assets and drilling operations beginning at the Anchois project offshore Morocco.
OMV Makes Gas Discovery in Norwegian Sea
2024-08-26 - OMV and partners Vår Energi and INPEX Idemitsu discovered gas located around 65 km southwest of the Aasta Hansteen field and 310 km off the Norwegian coast.
E&P Highlights: Sep. 2, 2024
2024-09-03 - Here's a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea.
Breakthroughs in the Energy Industry’s Contact Sport, Geophysics
2024-09-05 - At the 2024 IMAGE Conference, Shell’s Bill Langin showcased how industry advances in seismic technology has unlocked key areas in the Gulf of Mexico.
Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal
2024-07-08 - Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
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.