Chesapeake Energy Corporation Achieves Grade “A” MiQ and EO100™ Certification For Its Legacy Haynesville Shale Operations
OKLAHOMA CITY, December 21, 2021 – Chesapeake Energy Corporation (NASDAQ: CHK) is the first company to certify Haynesville natural gas operations jointly under the MiQ methane standard, and the EO100™ Standard for Responsible Energy Development, which covers a broad range of environmental, social and governance (ESG) criteria. The certification includes Chesapeake’s legacy Haynesville Shale operations with production volume of approximately 1 billion cubic feet of natural gas (bcf) per day.
Chesapeake has made a public commitment to a lower carbon future through environmental stewardship and responsible production across its gas basins, including a pledge to reduce methane intensity to 0.09% companywide by 2025. MiQ Certification provides a verified approach to tracking this commitment, as well as supporting Chesapeake in reaching its overall objective of achieving net-zero direct greenhouse gas emissions by 2035. Chesapeake’s commitment to all aspects of environmental, social and governance excellence will be verified annually against the EO100™ Standard.
MiQ aims to help operators differentiate themselves through methane-emissions performance, bring transparency to an opaque market and drive demand for certified natural gas. Its ground-breaking, independently audited certification system gives operators and customers an opportunity to support methane reduction globally.
Equitable Origin’s EO100™ Standard encompasses five core principles, including corporate governance and ethics; social impacts, human rights and community engagement; occupational health & safety and fair labor standards; and environmental impacts, biodiversity and climate change.
Read the full press release here.