APA Corporation Reduces Methane Emissions by Converting More Than 2,000 Pneumatic Devices in the U.S. to Lower Emitting Technologies
HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the achievement of an environmental, social and governance (ESG) goal to convert more than 2,000 pneumatic devices to instrument air or through-valve retrofit in its U.S. operations. The goal was reached three months ahead of schedule, and results in an estimated annualized methane reduction of 1,000 tonnes or 25,000 tonnes of carbon dioxide equivalents.
“Our commitment to ESG is not merely a promise; it's reflected in our actions towards continuous improvement,” said John J. Christmann IV, APA’s CEO and president. “By setting intentionally challenging goals that are linked to compensation and integrating fit-for-purpose solutions, we are forging a path that harmonizes energy production with environmental stewardship. We are committed to progressing environmental goals, enriching our communities and securing a sustainable energy future for generations to come.”
The company's field-focused teams adopted a bottom-up approach, starting with an updated inventory assessment and incorporating feedback from key vendors regarding successful solutions trialed within the industry. They collaborated to identify champions in the field to trial different techniques before implementing them across the U.S. onshore operation. Depending on the situation, they either removed devices entirely, converted methane-driven devices to compressed air, or replaced methane-driven devices with non-vent devices.
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and in the Dominican Republic. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Additional details regarding Suriname, ESG performance and other investor-related topics are posted at investor.apacorp.com.
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