Olympus Energy, based in Canonsburg, has reached an agreement with Tenaska Marketing Ventures (TMV) for the sale of its certified responsibly sourced gas (RSG) produced in the Appalachian Basin.
This long-term transaction involves the transfer of Digital Natural Gas certificates through the Xpansiv Registry, which recently underwent environmental assessments by the Project Canary TrustWell program.
“We are excited and proud to partner with TMV on the sale of certified RSG,” Mike Wahl, chief operating officer of Olympus Energy, said. “Olympus has a long-standing commitment to the safe and responsible development of natural gas, and the Project Canary TrustWell environmental assessment process helps highlight the team’s ability to drive innovation and minimize environmental impacts. Verifying that the natural gas produced by Olympus meets the latest standards across a robust set of ESG factors, including low methane emissions and water-use efficiency, is part of our continuous commitment to best-in-class operations. Now, by transferring the TrustWell environmental attributes through Xpansiv’s digital registry, Olympus is also able to increase the transparency, detail, and integrity of our RSG transactions.”
Olympus Energy has 45 producing wells in southwestern Pennsylvania that have undergone Project Canary’s Environmental Assessment, or TrustWell, program. Olympus, along with its subsidiary Hyperion Midstream, is the first integrated natural gas producer to successfully perform the rigorous TrustWell assessments on both its operated upstream and midstream gathering assets with Project Canary.
“At TMV, we believe in forging partnerships that prioritize innovation and mutual success,” Mark Whitt, president of TMV, said. “We are pleased to join forces with Olympus Energy in marketing and delivering their certified RSG from the Appalachian Basin. Our collaboration with Olympus Energy helps us provide modern and sustainable energy solutions.”
Olympus Energy specializes in upstream and midstream development of natural gas resources in the Appalachian Basin.
Tenaska Marketing Ventures is an affiliate of Omaha, Nebraska-based energy company Tenaska. TMV offers solutions to meet wholesale customers’ needs for natural gas buying and selling, price hedging, asset management, and supply and demand volume swing management.