Targeting two locations within the Marcellus Shale, Chesapeake Energy and Project Canary announced a trial coalition of resources to produce certified responsibility source natural gas. Committed to eliminating direct greenhouse gas emissions by the year 2025, the companies will utilize methane gas monitors on Wyoming and Bradford counties’ well pads. This will encompass a total of nine wells.
Tapping the skillsets of each, Chesapeake Energy ranks as the third-largest natural-gas producer in Pennsylvania. Branded as a start-up company, Project Canary’s specialty as a climate technology source is key.
The Haynesville Shale will also be targeted as an area of interest for the partnership’s present pilot program. Some Louisiana wells will also be outfitted with a portion of the monitoring devices.
“Leading a responsible energy future is foundational to Chesapeake’s success,” said Doug Lawler, Chief Executive Officer to Chesapeake. “Through this two-basin partnership, we will be able to further demonstrate our commitment to generating shareholder value and ESG excellence. We are excited to work with Project Canary as we continue to expand our sustainability efforts and deliver top operating performance.”
Headquartered in Denver, Colorado, Project Canary serves as a provider of emissions monitoring data in addition to a host of other technologies. They have engineered a wellhead to burner tip pilot that can be used in various areas of the industry. This includes production, transmission and the marketing of RSG.
“With our innovative technology and independent certification process, Project Canary aims to meet the market demand for sustainably developed resources and real-time emissions monitoring,” said Chris Romer, Co-Founder and CEO of Project Canary. “Chesapeake is an industry pioneer and top producer, and we’re proud to help them reach the highest environmental standards.”
The Chesapeake and Project Canary partnership initially originated with the selection of well pads in northeast Pennsylvania and northwest Louisiana. Depending on data collected about the financial mood of the market, an expansion provision of the agreement could materialize.
Attempting to validate the stellar environmental standards of natural gas production, the continuous monitoring occurring at well pads will display real-time data. Market direction and showing favor for differentiated RSG products will also be a deciding factor.
Rooted in Oklahoma City, Chesapeake Energy is a well-known entity in the oil and gas sector. With its considerable reach, the firm’s portfolio comprises onshore business within the United States. While concentrating on the discovery and development of oil and natural gas assets, its resource territory is both grand and geographically diverse.
Originating as a B-corporation, Project Canary focuses on profitability while remaining committed to the good of society. Serving as a self-sustaining business that is financially successful is the primary mission. Continuing their socially good strategy, Project Canary seeks to mitigate climate change by providing assistance to oil and gas companies in operating on a cleaner and more efficient level. Additionally, the firm partners with the Colorado School of Mines Payne Institute to foster an environment where oil and gas companies and external parties can come together to share continuous monitoring data and industry practices.
A Long-Term Look
With an emphasis on carbon capture stressed now more than ever, industry outlook will keep reduction of emissions at the forefront of business models and strategies. This current project is of great value with highly anticipated results, but it is one of several. Project Canary has engaged in over two dozen contracts with exploration and production companies seeking the same outcome. This only shores up the demand for robust data that is independent in nature so as to enhance the environmental performance of oil and gas companies seeking viable solutions.