Texas-based Range Resources Corp., a natural gas and natural gas liquids producer focused on stacked-pay projects in the Appalachian Basin, recently released its 2021-2022 Corporate Sustainability Report.
The report provides data on various topics of interest to stakeholders, including progress toward the goal of net zero Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2025.
Since 2018, Range’s Pennsylvania production emissions have decreased by more than 48 percent.
Overall, the company reduced methane emission intensity by 75 percent and achieved a 58 percent decrease in GHG emissions.
“We believe that our energy future will continue to be more diverse and can only be sustained with additional natural gas development,” President and CEO Jeff Ventura said. “Natural gas produced in Appalachia has the best track record to answer that call. Third-party research shows that Range is at the top of its class, ranking first with the lowest CO2e (carbon dioxide equivalents) emissions intensity amongst our closest peers and the rest of the global upstream industry. When combined with our class-leading inventory, we believe Range is well positioned to help provide long-term energy solutions for the world.”
In addition, the company paid more than $3.3 billion in impact fees, royalty and lease payments and charitable contributions between 2006 and 2021.