Crescent Energy Commits to ESG Strategy, Reduced Methane Emissions

Crescent Energy Co. announced on Monday it is joining the Oil and Gas Methane Partnership (OGMP) 2.0 to address methane emissions across its Lower 48 assets. 

By joining the OGMP 2.0, Crescent management said it would adopt a rigorous reporting standard to quantify methane leaks to assist the exploration and production (E&P) firm in creating emissions reduction strategies as part of its environmental, social and governance (ESG) standards. 

“Reducing methane emissions is critical to slowing climate change impacts, but to best manage methane, we must first measure it,” said CEO David Rockecharlie. “That’s why we are building our climate strategy on high-quality data, gathered through the OGMP 2.0 framework, to inform our emissions reduction efforts.”

Houston-based...