U.S. Energy Development Corp. announced the completion of a midstream infrastructure development project that the Arlington, Texas-based E&P firm says represents its commitment to advancing its ESG efforts.
The $607,000 pipeline project is a proactive approach by U.S. Energy to reduce flaring, thereby decreasing the firm’s carbon footprint. The firm’s goal is to eliminate its flaring in the Eagle Ford Shale by year-end 2021.
“As we continue to expand our project footprint, we will remain committed to aligning ESG with our core values to better serve the community, environment and our stakeholders,” Jordon Jayson, CEO and chairman of the board for U.S. Energy, said in a statement on May 25.
U.S. Energy is a privately held oil and gas operator established in 1980 which provides direct investments in energy. The firm has invested in, operated and/or drilled more than 2,400 wells in the U.S. and Canada and deployed more than $1.5 billion on behalf of its partners.
In 2020, U.S. Energy deployed over $93 million in capital which includes $40 million in fast cycle, high-grade non-operated projects and $53 million in operated projects in the Permian and Eagle Ford, according to its website.
The recently complet4ed pipeline project in the Eagle Ford Shale included the completion of the LLM South B, LLM South C, LLM North A, Sola Vaca Norte A (SVNA), Hideaway Ranch A and Hideaway Ranch E midstream infrastructure. Since December 2020, this project and similar developments have reduced field flaring by a total of 88%, according to a release by the firm.
“This is an exciting announcement for U.S. Energy as flaring reduction has been an initiative of ours for over the past six months,” said U.S. Energy’s vice president of operations, Kevin Duncan. “Tying in the LLM, SVNA and Hideaway Ranch A & E pipelines eliminates the flares from some of our most significant gas producers.”
Additionally, U.S. Energy disclosed it had incorporated completion technologies in 2020, which cut its projected freshwater usage by almost 1.5 million barrels and reduced over 70,000 gallons of anticipated diesel fuel. This also resulted in lowered carbon emissions by roughly 800 tons across the firm’s SVNA 6-wellpad frac and University Lands 43 20 3-wellpad frac projects.
U.S. Energy plans on continuing to focus on its ESG initiatives over the course of 2021 by practicing ISO 26000 and obtaining an ISO 14001 certification. These ISO standards will certify that the firm has a functioning environmental management system which is aligned with its corporate and social responsibility goals, the release said.
Recommended Reading
Kelvin.ai the 'R2-D2' Bridging the Gap Between Humans, Machines
2025-03-26 - Kelvin.ai offers an ‘R2-D2’ solution that bridges the gap between humans and machines, says the company’s founder and CEO Peter Harding.
NatGas Positioned in a ‘Goldilocks’ Zone to Power Data Centers
2025-03-26 - On-site power generation near natural gas production is the tech sector's ‘just right’ Goldilocks solution for immediate power needs.
AI Moves into Next Phase of E&P Adoption as Tech Shows Full Potential
2025-03-25 - AI adoption is helping with operations design and improving understanding of the subsurface for big companies. Smaller companies are beginning to follow in their footsteps, panelists said at Hart Energy’s DUG Gas Conference.
How DeepSeek Made Jevons Trend Again
2025-03-21 - As tech and energy investors began scrambling to revise stock valuations after the news broke, Microsoft Corp.’s CEO called it before markets open: “Jevons paradox strikes again!”
Trump Administration to Open More Alaska Acres for Oil, Gas Drilling
2025-03-20 - U.S. Interior Secretary Doug Burgum said the agency plans to reopen the 82% of Alaska's National Petroleum Reserve that is available for leasing for development.
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.