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Chisholm to Monitor Permian Delaware Emissions as Project Canary Snags Another E&P Client
Many North American E&Ps and midstream operators are working to certify their supplies as having low-carbon emissions or differentiated gas supplies. Project Canary is one of several firms that handles certification, and it has of late snagged several deals with Lower 48 E&Ps and midstream operators.
WHY IS IT IMPORTANT?
- In last four years emission in Permian have trebled, giving a bad rap to the region & natural gas industry
- Much touted lower carbon foot print of natural gas is meaningless if methane emissions are not controlled. Methane emissions are 28 times more intensive than CO2 emission
- Through agreement with Canary, the companies aim to improve their operations further, and gain access to premium domestic and international certified low emission commodity markets
- Through the pilot agreement with Chisholm, Project Canary plans to deploy its Canary monitoring technology. The monitors measure, detect and alert operators to methane and other emissions.
- Chisholm Energy’s action sets a new benchmark for its Permian peers
POTENTIAL OPPORTUNITIES & FORWARD THINKING
The market for independent continuous monitoring and certification of responsible operations is growing exponentially. As a result, forward-thinking operators like Chisholm Energy are taking action to strengthen their ESG profiles, enhance environmental performance and gaining access to premium low carbon markets.
Chisholm to Monitor Permian Delaware Emissions as Project Canary Snags Another E&P Client
Privately held Chisholm Energy Holdings LLC plans to install air emissions monitors at some Permian Basin production facilities in southeastern New Mexico
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