PennEnergy Adopts Innovative Methane Emissions Reduction in M-U
PennEnergy Resources, LLC, the 11th largest shale driller in Pennsylvania, has introduced the use of liquid nitrogen systems (via a partnership with Kathairos Solutions) into its portfolio of emission reduction strategies, allowing for the rapid conversion of traditional pneumatic devices to zero-emission sources. The technology has been “a game-changer” for remote legacy facilities with limited access to infrastructure.
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Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (with assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. Diversified set a goal of reducing methane emissions by 50% over levels from 2020 and to do it by 2030. At the recent Hart Energy DUG GAS+ Conference and Expo, Diversified senior VP of EHS&R, Paul Espenan, said the company is pleased to announce it has already met that goal! And the company is well on its way to zero methane emissions by 2040. How is Diversified doing it?
We’ve written plenty about “responsibly sourced gas” (RSG) and the certification authorities that put their stamp of approval on natural gas drillers and pipeline companies. In 2021, we brought you a 
So often, we bring you news of Big Banks (and investment firms like the odious BlackRock) screwing fossil fuel companies either by refusing to lend to them or by pressuring other companies to “reduce” emissions (i.e., stop using fossil fuels). Last month, the State of Texas pulled $8.5 billion out of BlackRock over that company’s use of ESG (environment, social, governance) litmus tests for the companies it invests in and controls (see 
In February, West Virginia State Treasurer Riley Moore sent notices to six financial institutions warning them of potential inclusion on the state’s Restricted Financial Institution List (can’t do business with the state) after his office made an initial determination that the institutions appear to be engaged in boycotts of fossil fuel companies as defined under state law (see 
Earlier this month, the U.S. Securities and Exchange Commission (SEC), corrupted by the Bidenistas, voted 3-2 (three Democrats vs. two Republicans) to issue a final regulation that will force all publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face (see 
BlackRock, the largest investment firm in the world with over $9 trillion in assets under management, continues to reap the bitter fruit of its woke ESG investment strategies. Last week, we told you that Texas has pulled some $8.5 billion away from BlackRock over its ESG ways (see 
The State of Texas just dropped a major bombshell last week. The Texas Permanent School Fund (PSF) pulled $8.5 billion of its investments away from BlackRock, the world’s biggest investment firm, over the state’s determination that BlackRock is engaged in a boycott of energy companies by pressuring companies to avoid the fossil fuel sector by using ESG (environment, social, governance) litmus tests (see 
In January 2023, three Marcellus/Utica companies — Chesapeake Energy, EQT, and Equitrans Midstream — launched the Appalachian Methane Initiative (AMI), a coalition committed to further enhancing methane monitoring throughout the Appalachia Basin and reducing methane emissions throughout the region (see 
The State of Texas just dropped a major bombshell on investment manager BlackRock and the entire so-called ESG (environment, social, governance) space. The Texas Permanent School Fund (PSF), created in the 19th century to support the state’s public schools, has pulled $8.5 billion of its investments away from BlackRock over the state’s determination that BlackRock is engaged in a boycott of energy companies by pressuring companies to avoid the fossil fuel sector. The Texas PSF has $53 billion in invested assets. Investing $8.5 billion of it with BlackRock represents 16% of the entire fund.
MiQ is one of two major gas certification authorities and is used by nearly every Marcellus/Utica driller. Last October, MDN brought you information about the two major gas certification authorities, MiQ and Project Canary, and the effort by drillers to get their gas officially certified as responsibly sourced (see 
Amid all the bad news of the constant attacks by the Bidenistas against fossil energy (see today’s lead story about Biden attacking LNG), here is a story to warm your heart on a cold January day. So-called ESG funds set up to invest in companies that proclaim fealty to Environment, Social, and Governance (ESG) practices are crashing and burning at a rapid pace. In the fourth quarter of 2023, U.S. fund clients withdrew a net $5.1 billion from ESG funds.
Shippers, including drillers, utility companies, and others that buy and sell natural gas, are now free to buy and sell producer-certified gas (PCG) or responsibly sourced gas (RSG) at all pooling points across the Tennessee Gas Pipeline (TGP) system following a decision by the U.S. Court of Appeals for the District of Columbia (DC Circuit). The judges of the DC Circuit dismissed a case brought by Antero Resources and EQT Corporation attempting to block TGP’s plan. We will explain.