Natural Gas Producer Olympus Energy Earns Premier Environmental Performance Ratings From Project Canary

On July 12, Olympus Energy earned the highest possible environmental performance asset-level certifications relying on Project Canary's rigorous, independent environmental assessment process, the company announced. 

Olympus’ ratings validate the company's best-in-class ESG performance, industry-leading low-methane emissions, community engagement, and freshwater programs.

-- 100% of Olympus’ YE21 operated assets now Certified Responsibly Sourced Gas by Project Canary.

-- Asset-level Platinum ratings indicate Olympus achieved highest marks for environmental stewardship, including methane intensity, emissions reduction, and water recycling.

-- The company scored exceedingly well in emergency response, well integrity, and community engagement programs.

-- Data from continuous emissions monitors at certified well pad locations support commitment to minimizing emissions.

The Pittsburgh Business Times reported Olympus Energy has 32 operating shale gas wells in Allegheny and Westmoreland counties.

"Every day, the Olympus team works to produce natural gas in the most efficient and environmentally responsible manner possible. This certification validates our commitment," Tim Dugan, President and CEO of Olympus Energy, said. "We're deeply proud of the results achieved by doing things the right way and continually seek innovative approaches to unlock even better ESG performance."

Project Canary's high-fidelity, rigorous 800+ data point analysis of existing well sites represents the industry's most comprehensive assessment program. 

Olympus' low-methane verified environmental attribute performance alongside key initiatives including upgrading local infrastructure voluntarily, holding transparent community dialogue, establishing and practicing an industry-leading emergency response program, water recycling initiatives, and building a wildlife habitat area contributed to the company's top ratings.

"Major domestic and international utilities are seeking the premium Certified Responsibly Sourced Gas producers like Olympus are offering. Net-zero requires solutions for low-methane verified environmental attributes and freshwater use, among other ESG markers," said Chris Romer, Co-founder and CEO of Project Canary. "Not often do we see a producer achieve best-in-class ratings across-the-board like Olympus has. It's a credit to their industry leadership for making environmental integrity fundamental to the business."

Olympus was the first integrated exploration and production company to seek complete upstream and midstream certification, with the Hyperion Midstream review beginning in July.

Compliance Record

Click Here to check the DEP compliance record for Olympus Energy.

(Photo: Olympus Energy Midas Well Pad in Plum Borough, Allegheny County.)

NewsClip:

-- Pittsburgh Business Times: Natural Gas Producer Gets High Marks From Environmental Assessment

Related Articles:

-- Gov. Wolf, Senate, House Republicans Again Fail To Hold Conventional Oil & Gas Drillers Accountable For Protecting The Environment, Taxpayers On Hook For Billions [PaEN]

-- DEP Concerned About Impact Of New Law Blocking Conventional Oil & Gas Well Bonding On New Federal Well Plugging Funds, Regulating Waste Injection Wells  [PaEN]

-- Guest Essay: Gov. Wolf, Don’t Give Money To The Oil Industry - By Rev. Mitchell Hescox & Kim Anderson, Evangelical Environmental Network   [PaEN] 

-- IRRC Unanimously Approves Part I Of Final Reg. Reducing VOC/Methane Emissions From Unconventional Shale Gas Facilities; DEP Moves To Avoid Federal Highway Funding Sanctions [PaEN]

-- Sen. Yaw To Deny Counties Act 13 Drilling Impact Fee Revenue If They Make Only 99% Of Their Land Area Available For Shale Gas Development [PaEN]

-- Pittsburgh Business Times: Environmental Health Project: PA Should Prioritize Public Health Over Natural Gas Drilling

[Posted: July 23, 2022]  PA Environment Digest