Seneca Resources Company, LLC announced this week it executed an agreement with Project Canary. Particularly, this deal will help the Company seek an independent responsibly sourced gas (RSG) certification; specifically for approximately 300 million cubic feet per day for its Appalachian production.
Indeed, this certification process will cover nearly one-third of Seneca’s natural gas production.
The Company will also install continuous monitoring devices at three well pad locations. Accordingly, these will provide real-time, site-level emissions data. In fact, Seneca Resources is the Exploration and Production (E&P) segment of National Fuel Gas Company.
About the certification
To illustrate the relevance of this process, Seneca noted the importance of TrustWell™. Indeed, Project Canary’s current proprietary, is a recognized, comprehensive market leader for operators seeking RSG certification. Specifically, it has a focus on air, land, water, and community impacts.
According to Seneca, it expects this certification process to analyze more than 600 unique operational and environmental, social, and governance (ESG) related data points on a per-well basis.
In this sense, David Bauer, President and Chief Executive Officer of National Fuel, commented; “Sustainability, continuous innovation, and best-in-class environmental performance are embedded in our guiding principles and culture.”
Particularly regarding Project Canary, Bauer said that Seneca “seeks to independently verify [its] existing operational practices and further strengthen the Company’s ESG commitments.”
“We are excited to work towards independent validation of our leading operational and environmental practices; many of which are standard across our Appalachia assets,” added Bauer.
Reception at Project Canary: Seneca Resources is an early mover in certification
Similarly, Chris Romer, co-founder, and CEO of Project Canary; “Responsibly sourced gas certification is readily becoming a key piece of the independent analysis; reviewed by investors, regulators, and customers to confirm top environmental performance.”
Regarding Seneca Resources, Romer said it “is an early mover in working to gain certification for its operations and production.” Besides, Romer added that the Company underscores “its commitment to strong environmental performance.”