ONE FUTURE WELCOMES ASCENT RESOURCES, BOARDWALK PIPELINES, AND EQUITRANS MIDSTREAM CORPORATION
-NATURAL GAS COALITION MEMBERSHIP REACHES 20-
November 19, 2019 – Our Nation’s Energy Future (ONE Future) announced three new coalition members today – Ascent Resources, LLC., Boardwalk Pipelines, LP (Boardwalk) and Equitrans Midstream Corporation (NYSE: ETRN), bringing the total number of member companies to 20.
“We welcome these three new members to the ONE Future initiative,” said Richard Hyde, Executive Director, ONE Future. “I know these memberships will give meaningful value to our Board’s efforts and the positive reporting that the Coalition is releasing. These companies are joining a group of like-minded progressive companies that are intent on reducing methane emissions to help ensure the competitiveness of natural gas into the future.”
ONE Future member companies represent the entire natural gas value chain and account for approximately 10% of the total natural gas production, 40% of the US natural gas transmission miles and 9% of the US natural gas distribution. ONE Future companies work with each other to promote best practices and share learnings on each company’s respective science-based, technology and methods for methane reduction; though each member always has the flexibility to deploy its capital where it will be most effective.
As ONE Future members, each company will report its 2019 methane results as part of the production, gathering and boosting, processing, and transmission and storage sectors within the coalition and will hold a seat on ONE Future’s Board of Directors. The 2018 Methane Intensity Report was just released and the coalition registered a 2018 methane intensity number of 0.326%, a decrease of 41% from 2017, demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much needed energy to the U.S. and around the globe.
About Ascent Resources
Ascent Resources is a leading private exploration and production company established to acquire, explore for, develop and produce natural gas, oil and natural gas liquids reserves in the Appalachian Basin. Through its subsidiary, Ascent Resources – Utica, the Company has grown to become one of the largest privately held exploration and production companies in the United States in terms of asset size and net production and the largest oil and natural gas producer in the state of Ohio.
For more information, please visit: www.ascentresources.com.
About Boardwalk Pipelines, LP
Boardwalk is a limited partnership operating in the midstream portion of the natural gas and natural gas liquids industry, providing transportation and storage services to its customers. In 2018, Boardwalk’s interstate, open-access, pipeline network transported over 2.7 Tcf of natural gas through nearly 14,000 miles of pipe across the central and eastern United States. Boardwalk’s combination of high deliverability salt-dome and depleted reservoir caverns provide approximately 200 Bcf of aggregate working gas storage capacity. In addition, Boardwalk owns and operates liquids pipelines in Louisiana and Texas and has over 30 MMbbls of liquids storage capacity in Louisiana and provides brine and brine supply services to support liquid storage operations and chlor-akali customers.
For more information, please visit: www.bwpipelines.com
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 and, through its subsidiaries, has an operational focus on gas gathering systems, transmission and storage systems, and water services assets that support natural gas producers across the Basin. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work. ETRN owns the non-economic general partner interest and a majority ownership of the limited partner interest in EQM Midstream Partners, LP.
For more information on Equitrans Midstream Corporation, please visit www.equitransmidstream.com
About ONE Future
ONE Future was formed when eight companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent (or less) of total natural gas production. Since our formation, we have grown to 20 companies accounting for the some of the largest natural gas producers, transmission and distribution companies in the U.S. ONE Future members operate in 11 out of the 19 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future’s data represent a geographically diverse and material share of the U.S. natural gas supply chain. Its members include Ascent Resources, Antero Resources, Apache, Berkshire Hathaway Pipeline Group, BHP, Boardwalk Pipeline Partners, LP, Dominion Energy, Equinor (formerly StatOil), Equitrans Midstream, EQT, Hess, Kinder Morgan, National Grid, New Jersey Natural Gas, Noble Energy, Southern Company Gas, Southwestern Energy, Summit Utilities, TransCanada and Williams.