Chevron Corp.’s upstream assets in Colorado and Texas have clinched the highest ratings for operational and environmental performance, with its plans to market certified natural gas by year’s end gaining momentum.
Denver-based assessment company Project Canary conducted the independent certified analysis, with 82 wells achieving “Platinum” status and three earning “Gold.” Chevron and Project Canary in March had begun a pilot to independently assess five sites combined in the Permian and Denver-Julesburg (DJ) basins.
“This certification is an important milestone in our journey to deliver affordable, reliable, ever-cleaner energy to a growing world,” Chevron’s Steve Green, president of North American Exploration and Production.
The pilot focused on two sites in the Permian Midland sub-basin in West Texas and three sites in the DJ of Colorado at the Mustang Development Area. Combined production from the five sites assessed in the Permian and DJ is around 80 MMcf/d. The end goal is to market certified natural gas, which has been verified to have lower emissions.
“Chevron deploys several technologies to detect and measure methane emissions, and certified responsibly sourced gas is part of our broader commitment to lowering the carbon emissions intensity of our operations,” Green said. “In addition to demonstrating transparency, an independent assessment provides validation of our current practices and insights to inform and shape how we continue to achieve our lower carbon aspirations.”
Project Canary’s TrustWell program assessed the operational impacts on water, air, land and the community. In some “select locations” of the Permian and DJ, Chevron also deployed Canary X’s “continuous, pad-level methane emissions monitoring units.”
More than 600 data points in 24 operational categories are included in a TrustWell analysis by Project Canary.
“The results of our independent assessment and certification of Chevron’s operations in the Permian and DJ basins demonstrate strong performance across its operating assets, positioning Chevron in the fast-emerging markets for differentiated gas,” said Project Canary CEO Chris Romer.
Buyers of certified gas “can have confidence that each producing well has been reviewed and verified for aspects of Chevron’s environmental and social performance.”
In 2020, Chevron said its U.S. onshore production methane intensity was 85% lower than the U.S. industry average. The company is continuing to design, construct and operate facilities to limit fugitive emissions.
The San Ramon, CA-based major also is expanding its methane detection capabilities, which it said would identify the “best opportunities to further lower emissions and is on track to reduce methane emissions intensity by more than 50% from 2016 levels by 2028.”
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