EQT Corporation has certified a majority of its natural gas production under both the EO100™ Standard for Responsible Energy Development, and the MiQ Methane Standard. EQT’s certified natural gas production is 4.5% of all U.S.-produced natural gas, making EQT the largest U.S. producer of both natural gas and certified natural gas. But they’re not alone, more and more operators are moving to certify their natural gas production, with recent movers including Chesapeake and ExonMobil.
EQT holds both certifications, and their certified natural gas is now available for trading on MiQ’s Digital Registry. The certifications provide a transparent, verified method for tracking EQT’s ESG commitments, including net zero Scope 1 and 2 greenhouse gas emissions and 65% reduction of methane emissions intensity by 2025.
Equitable Origin certifies energy companies on ESG indicators in accordance with its EO100™ Standard for Responsible energy development, which is based on five principles.
MiQ’s Methane Standard is an independent framework in which 3rd party auditors continually assess methane emissions intensity throughout operations and grade operators on efforts to remedy them. MiQ utilizes the Natural Gas Sustainability Initiative (NGSI) protocol to calculate methane intensity and requires the implementation of monitoring technology from source to facility to identify fugitive emissions.
MiQ and Equitable Origin certification standards bring transparency to an opaque market, drive demand for certified natural gas, and help operators differentiate themselves through emissions mitigation and responsible energy production.
The Digital Registry is a secure digital ledger where joint MiQ-EO100TM certificates are held from issuance to retirement. One certificate is issued per MMBtu of certified natural gas, and certificates can be traded, bundled with gas delivery, or unbundled, allowing market liquidity.
Certification promotes best practices and improvements in ESG performance and supports a global market for responsible energy with a premium price for differentiated production.
Certification, whether it be from MiQ, Equitable Origin, Project Canary, or any other reputable independent body is reliant on accurate monitoring and methane mitigation. Leaks at the well are one of the primary sources of fugitive emissions, leaking millions of tons of methane each year. Remediation options, including natural sealants like BioSqueeze®, are proven to alleviate sustained casing pressure and eliminate GHG leakage.
Dec 13, 2021
The rule would be a significant change for producers in Pennsylvania, the second-largest U.S. natural gas producer. Many states impose methane limits on new wells: Pennsylvania, Colorado, and New Mexico are among the few that have restrictions on older wells, a major source of emissions relative to their production. Texas, the largest gas producer, has no methane limits at all....
Feb 21, 2022
With $1.15 billion in federal funding on its way, states are gearing up to make the most of their money and expanding their orphan well programs to properly deal with the scale of this problem. While some states have established orphan well programs that plug hundreds of wells per year, others have been grossly underfunded for decades....
Tags: P&A | Orphan Wells | Pennsylvania