ONE Future Welcomes Caerus
-Natural Gas Coalition Membership Reaches 30-
October 6, 2020 – HOUSTON, TX – Our Nation’s Energy Future (ONE Future) announced today that Caerus Oil and Gas (Caerus) has joined the coalition; bringing the total number of member companies to 30. Caerus Oil and Gas is a privately held company formed in 2009 with assets in the Piceance Basin of Western Colorado and the Uinta Basin in Utah.
As a ONE Future member, Caerus will report yearly methane emission reduction results as part of the production sector in the annual report, as well as hold a seat on the ONE Future Board of Directors. The 2018 Methane Intensity Report was released in the Fall of 2019; the coalition registered a 2018 methane intensity number of 0.326%. This was a decrease of 41% from 2017 – demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput.
“Caerus’ mission is to be the leading producer of clean-burning, affordable, natural gas in the Rockies, focused on value, safety, environmental stewardship, technology, and community. We are committed to helping meet the world’s need for abundant, affordable energy in an environmentally and socially responsible manner,” said David Keyte, Chief Executive Officer. “ONE Future membership and adherence to One Future’s guidelines is another important tool in Caerus’ proactive management of its environmental footprint and emissions.”
“Caerus is committed to the vital role that EHS plays in every aspect of their operations and will certainly be an asset to the coalition; we are proud to have them as a member, said Richard Hyde, Executive Director, ONE Future. “We are confident that our proven, science-based technology methods to reduce emissions will further enhance their efforts.”
Hyde commented on attaining the coalition’s 30th member, “ONE Future formed in 2014 when eight companies decided that they could collectively make a difference in reducing methane emissions, using a science-based approach that targeted a reduction of 1% and allowed individual companies the flexibility to determine how best to mitigate their emissions. The coalition has been successful in surpassing that goal in its two years of reporting and has expanded from its original eight to now 30 members demonstrating that its methods are not only successful, but will ensure that the natural gas industry will thrive for decades to come, even in a low-carbon economy.”
About Caerus Oil and Gas
Caerus Oil and Gas is a privately held company formed in 2009, operating under the names of Caerus Piceance LLC in Colorado and Caerus Uinta LLC in Utah. Caerus operates on 533 million net mineral acres, including approximately 38,000 acres of Caerus owned surface and minerals. Caerus operates approximately 7,000 wells and has identified more than 8,000 potential future drilling locations. Caerus has estimated proved natural gas reserves of more than 2.9 TCFE of dry gas in the Piceance and Uinta Basins. In addition to its extensive acreage position, Caerus’ midstream subsidiaries, Caerus Energy Services LLC and Caerus Natural Buttes Midstream LLC, operate an extensive network of gathering infrastructure, with a combined 1400 miles of gas and water gathering and distribution pipelines. In 2020, Caerus will have daily production of approximately 625 million cubic feet equivalent of natural gas, or approximately 7% of the natural gas production in the Rockies. For more information visit www.caerusoilandgas.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 30 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 Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire Hathaway Pipeline Group, BHP, Boardwalk Pipeline Partners, LP, Caerus Oil and Gas, Dominion Energy, EagleClaw Midstream, Enbridge, Equinor, Encino Acquisition Partners, EQT, Equitrans Midstream, Hess, Kinder Morgan, National Grid, New Jersey Natural Gas, Noble Energy, NW Natural, ONE Gas, ONEOK, Inc., Southern Company Gas, Southern Star, Southwestern Energy, Summit Utilities, TC Energy, Williams and Xcel Energy. For more information visit www.onefuture.us.