ONE Future has announced that Arsenal Resources LLC has joined the Coalition. Arsenal is an independent exploration and production company headquartered in Wexford, Pennsylvania; they are engaged in the acquisition, exploration, and development of natural gas properties in the Appalachian Basin. Arsenal will report within the Production and Gathering & Boosting sectors.
“Arsenal has a proud culture of safety – both in the workplace and in our communities,” said Jonathan Farmer, President and CEO, Arsenal Resources LLC. “With this new commitment to ONE Future, we are excited to grow and build upon that safety promise, making us a strong steward of the environment and of our human resources.”
The ONE Future Coalition is a group of more than 50 natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to 1% (or less) by 2025 and is comprised of some of the largest natural gas production, gathering & boosting, processing, transmission & storage and distribution companies in the US and represents more than 20% of the US natural gas value chain.
“I’m thrilled to see Arsenal join the Coalition,” said Jim Kibler, Executive Director, ONE Future. “Arsenal has an excellent track record of environmental concern, a key characteristic of our members, and we are excited to have them as a partner in the Appalachian Basin.”
Through the efforts of coalition members, ONE Future has surpassed its 1% goal in each of the four years that it has reported its methane intensity. The 2021 Methane Intensity Report, released in November 2021, registered an intensity level of 0.424% (versus the 2025 goal of 1.0%), beating its one percent goal by 58%. This means that methane emissions by coalition members across the natural gas value chain consisted of only about one-third of one percent of all-natural gas produced and delivered, demonstrating that the natural gas industry can minimise methane emissions and increase production and throughput while supplying much needed energy to the US and around the globe for years to come.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/05052022/arsenal-resources-llc-joins-one-future-coalition/