METHANE EMISSIONS

We are working with our peers across different industry associations to identify technologies and operational processes that detect and reduce methane emissions.

In 2020, the International Energy Agency (IEA) identified that targeted industry action on methane offers an important opportunity to address the overall challenge of limiting the impact of greenhouse gas (GHG) emissions over a more immediate period. Methane has a significantly higher global warming potential (GWP) than CO2 meaning action needs to be taken to reduce planned (i.e. flaring and venting) and unplanned (i.e. fugitive emissions) releases of methane. Working with our peers through different associations we will continue to implement technologies and operational processes to detect and reduce methane emissions.

IEA (2020), Methane Emissions from Oil and Gas, IEA, Paris https://www.iea.org/reports/methane-emissions-from-oil-and-gas

Emissions Reduction in Action

One of the key functions of Hunt’s operational management system (SIMS) is to ensure continuous improvement across all areas of operation. Emission reduction strategies have been bolstered as a result of these improvements in the areas of facility design and operational management:

A suite of emission reduction-related design modifications have been applied to Hunt production facilities such as tank vapor capture systems that are incorporated across all new and modified production facilities.

All permanent flares are installed with automatic ignition devices to ensure reliable combustion and advanced modeling of facility/equipment throughputs to avoid excess capacity constraints.

Improvements and efficiencies in operational management have ensured current best practices relating to emissions reduction are being implemented, including:

Scheduling preventative maintenance of emission control equipment

Developing an assurance program to cover all likely emission sources

Replacing all high-bleed pneumatic devices with lower emitting options

Securing the gas purchaser prior to the initial production of wells

Implementing leak detection and repair (LDAR) programs for all facilities associated with the top 80% of domestic US production

Hunt Consolidated, Inc. is the flagship entity of the entire Hunt family of companies, a privately owned group of entities based in Dallas, Texas. The areas of activity of the different Hunt companies include oil and gas exploration and production, refining, LNG, power, new energy technologies, real estate, investments, ranching and infrastructure.