First New Mexico-Focused Permian Basin Operator, Chisholm Energy, Enters Certified Responsibly Sourced Gas Partnership

September 29, 2021 11:00am
Benzinga

FORT WORTH, Texas and DENVER, Sept. 29, 2021 /PRNewswire/ — Chisholm Energy Holdings, LLC (“Chisholm Energy” or the “Company”) announced a partnership to install real-time air emissions monitoring devices on select production facilities in southeastern New Mexico with the goal to receive independent operational certification from Project Canary.

  • Project Canary to provide independent, real-time emission monitoring services and certification of operations in southeastern New Mexico.
  • Environmental performance measurements further supports Chisholm Energy’s commitment to ESG.
  • Backed by Warburg Pincus and Ontario Teachers’ Pension Plan, Chisholm Energy is the first independent exploration and production company operating in the New Mexico portion of the Delaware Basin to seek independent certification of its operations from Project Canary.

“We believe that by combining our operational expertise with sound environmental best practices, we can deliver value and develop our assets in the most responsible, efficient manner,” said Scott Germann, Chisholm Energy CEO said. “Through this agreement, we aim to improve our operations further, and gain access to premium domestic and international certified low emission commodity markets, and we’re excited to be an early Permian mover in this rapidly growing market.”

Through the pilot agreement, Project Canary will deploy its Canary X continuous, real-time emissions monitoring technology at a location in Lea County New Mexico.  Project Canary’s continuous air monitors utilize a precise, laser-based technology that accurately measures, detects, and alerts operators to methane and other emissions.

Chisholm Energy will also seek Project Canary’s Upstream (TrustWell™) Certification of its operations. This independent, well-level certification provides third-party verification that the operator has utilized the highest environmental standards and ESG practices in all phases of their operations. Together, monitoring and certification provide both producers and buyers with an independent assessment of the soundness of production operations while enabling improved performance and access to differentiated product markets.

“The market for independent continuous monitoring and certification of responsible operations is growing exponentially. As a result, forward-thinking operators like Chisholm Energy are taking action to strengthen their ESG profiles and enhance environmental performance,” said Project Canary co-founder and CEO Chris Romer. “Chisholm Energy’s action sets a new benchmark for its Permian peers.”

As detailed in the agreement, which includes options to extend to additional pads, the companies expect the ‘Canary X’ units to be installed in Q4 with TrustWell by Project Canary certifications complete by Q1 2022.

Contacts

Project Canary
Brian Miller – [email protected]
VP Growth & Policy

Chisholm Energy
Aaron Gaydosik – [email protected]
Chief Financial Officer

About the Pilot Participants

Chisholm Energy is a privately held, Fort Worth, Texas based, independent exploration and production company with operating assets in Lea and Eddy counties, New Mexico.  The Company is focused on pursuing unconventional resource opportunities in the northern Delaware Basin.  Chisholm Energy is led by a seasoned team of oil and gas executives in partnership with Warburg Pincus and Ontario Teachers’ Pension Plan.  For more information, visit www.chisholmenergy.com.

About Project Canary

Project Canary is a SaaS-based data analytics company focused on accurate corporate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies’ laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary’s Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions. www.projectcanary.com

Contact:
[email protected]