In 2021, we announced ambitious targets as a pathway to Chesapeake achieving net zero direct(Scope 1) GHG emissions by 2035. We committed to this ambitious goal to make meaningful change, reduce our corporate impact and contribute to the climate change solution.
We set high standards for our climate performance, recognizing the responsibility entrusted to us by our stakeholders as we work to lead a responsible energy future.
Pathway to Net Zero Direct GHG Emissions
Routine flaring on wells completed in 2021 and beyond, enterprise-wide by 2025
GHG intensity by 2025
(tCO2e/gross mboe produced)
Methane intensity by 2025
(volume methane emissions/volume gross gas produced)
Achieving Our ESG Goals
Through a layered toolkit of technologies and best-management practices, we’ll better detect and mitigate emissions in support of our 2025 timeline. Our emissions-reduction approach is holistic, recognizing the opportunities for improvement across our operations and operational lifecycle.
|Mitigation Category||Action Step||Impact|
|Research Analysis||Conduct a basin-by-basin analysis of both proven and emerging technologies||Identification and implementation of a targeted blend of technologies specific to each asset for greatest efficacy|
|Operational Emissions Reductions||Improve facility design for efficiency|
Reduce or capture pneumatic device emissions and emissions from pressure regulators
Capture associated gas
Minimize compression emissions
Reduce well venting from liquids unloading using enhanced work practices and technologies
Utilize electricity to power drilling and completions fleets
Evaluate the use of geothermal or renewable microgrid technology powered by solar/wind to provide baseload power
|Reduced venting and flaring
Reduced venting and flaring
Greater efficiency and reduced combustion emissions
Reduced venting and flaring
Reduced diesel fuel use and associated emissions
Reduced Scope 2 emissions through carbon-neutral power sources (increased efficiency)
|Sequestration||Explore sequestration opportunities including enhanced oil recovery (EOR), carbon capture and utilization (CCU) or carbon capture, utilization and storage (CCUS)||Reduced emissions with increased production|
|RSG||Deploy continuous methane emissions monitoring technology|
Partner with a third-party to verify emissions data
|Enhanced leak detection and repair; reduced venting
Greater accuracy for trend analysis and operational study
|Collaborative Partnerships||Partner with the Gas Technology Institute (GTI) and other academic institutions working to enhance methane detection technologies||Improved reporting and data quality through collective efforts; opportunity to develop, test and optimize emerging technologies through a shared capital risk|
Partnering for Progress
We recognize that supporting these programs requires significant research and development capital, which involves a certain degree of risk. We’re committed to spending capital to deliver improved performance in this area, and we’re also exploring pooling resources with other companies for more efficient technology analysis and development. Part of our partnership strategy is centered on looking beyond Chesapeake’s core upstream business and exploring opportunities with our midstream and downstream providers and the end users of our fuel.
Additionally, we’re exploring opportunities to engage partners outside the traditional oil and natural gas value chain, including project-origination opportunities such as regenerative agriculture, which may ultimately achieve significant carbon-abatement potential at a low marginal cost. Our analyses focus on the effectiveness of each prospective technology from a technical, operational and economic standpoint.