PennEnergy Resources Achieves Project Canary Certification Across Entire Operating Asset
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Private exploration and production company PennEnergyResources has received Project Canary’s TrustWell™ certification for its overall business assets and received the highest rating for 99 percent of wells.
Project Canary launched the TrustWell™ environmental certification process in the third quarter of 2021. This process measured the operation of Penn Energy Resources across 378 wells in the light of strict environmental and social standards for air, water, land, and communities.
As a result of receiving the highest gold and platinum ratings in Project Canary’s 375 wells, almost all of Penn Energy Resources’ production is responsibly sourced gas, a characteristic classification of the most produced natural gas. An environmentally responsible method. In addition to being TrustWell™ certified, the company has introduced a CanaryX emission monitoring device that detects and measures methane and other emissions in real time.
“Our core values of environmental responsibility, integrity and integrity are informed and guided by all decisions and actions we make as a company,” said Penn Energy Resources Chairman and CEO, Rich Weber.
“We are building our business around the best talent and industry-leading ESG performance, and we are proud to achieve best-in-class status with a rigorous review of Project Canary on all wellpads,” added Weber.
Project Canary delivers trusted and reliable independent energy ESG data through TrustWell™ certification and continuous monitoring technology. Project Canary’s differentiated TrustWell™ certification process independently analyzes 600+ data points across the ESG spectrum on a well-by-well basis to create a dynamic score. Continuous emissions monitoring technologies also help companies minimize emissions and demonstrate top environmental performance.
“Our independent analysis validates PennEnergy’s commitment to operational excellence and ESG performance,” said Project Canary Co-founder and CEO Chris Romer.
“Responsible operations and environmental stewardship are top PennEnergy priorities and we’re proud to help further advance their progress in ESG leadership,” added Romer.
These ratings confirm and effectively demonstrate PennEnergy Resources’ environmental stewardship through verified, measured low-methane emissions as compared to local and industry benchmarks, effective water management, and well integrity programs, among other key operational areas.
“These strong TrustWell ratings demonstrate our team’s longstanding and systemwide commitment to operational excellence and continuous improvement,” said Greg Muse, PennEnergy Resources president and COO.
“We’re proud of our team’s continued and collective successes, and we are happy to safely deliver RSG to meet the market’s growing demand for affordable, low-emissions energy,” added Muse.
About PennEnergy Resources
PennEnergy Resources is a Pittsburgh based independent oil and gas company focused on the acquisition and development of unconventional shale resources in the Appalachian Basin. They are committed to being a best-in-class shale development company that creates value for investors, stakeholders, employees, and landowners through the safe and environmentally responsible development of unconventional resources.
To stop by PennEnergy’s website, CLICK HERE
About Project Canary
Project Canary is an environmental performance analysis firm focused on the E in ESG for emission- intensive companies. They are the leaders in the certification of responsible operations and provide measurement-based methane and emission profiles via continuous monitoring technology that help companies take ESG action. Formed as a Public Benefit Corporation, Project Canary’s Denver-based team of scientists, engineers, and seasoned industry operators have earned recognition for their uncompromising standards and high-fidelity data..
To stop by Project Canary’s website, CLICK HERE
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