Pittsburgh-based PennEnergy Resources, LLC announced Monday that it had achieved Project Canary’s TrustWell certification across its entire operating asset and earned the highest ratings on 99 percent of its wells.
PennEnergy earned Project Canary’s top “Gold” and “Premium” rating on 375 of its 378 wells, meaning nearly all of its production is now certified “Responsibly Sourced Gas” (RSG), a classification of natural gas produced in the most environmentally responsible way. The company has also deployed Canary X emissions monitoring devices, which detect and measure emissions, like methane, in real-time.
“Our core values – centered on environmental stewardship, honesty, and integrity – inform and guide every decision and action we take as a company,” said PennEnergy Resources Chairman & CEO Rich Weber. “We’ve built our business around top talent and industry-leading ESG performance and are proud to achieve best-in-class status by Project Canary’s rigorous review across all of our well pads.”
A spokesman for the company said that while many operators in the region have sought RSG certification, PennEnergy is the first to achieve the certification on nearly all of its wells.
Project Canary’s TrustWell certification process independently analyzes more than 600 data points across the Environmental, Social, and spectrum on a well-to-well basis to create a dynamic score. The company also provides continuous monitoring technologies which help companies minimize emissions and demonstrate top environmental performance.
“Our independent analysis validates PennEnergy’s commitment to operational excellence and ESG performance,” said Project Canary co-founder and CEO Chris Romer. “Responsible operations and environmental stewardship are a top PennEnergy priority, and we’re proud to help further advance their progress in ESG leadership.”