ONE Future Welcomes Crestwood Equity Partners
-Natural Gas Coalition Membership Reaches 32-
December 1, 2020 – Our Nation’s Energy Future (ONE Future) announced today that Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) has joined the coalition; bringing the total number of member companies to 32. Crestwood is a publicly traded master limited partnership that owns and operates midstream assets located primarily in the Bakken Shale, Delaware Basin, Powder River Basin, Marcellus Shale and Barnett Shale.
“Crestwood has already successfully implemented several programs to prevent and detect leaks, reduce emissions and has recently adopted a flaring minimization standard,” said Richard Hyde, Executive Director, ONE Future. “The coalition prides itself on allowing members to choose which reduction methods work best for them, and we look forward to the input Crestwood will provide on its efforts to date.”
As a ONE Future member, Crestwood will report its 2020 methane results as part of the Gathering & Boosting, Processing and Transmission & Storage sectors.
“Our long-term business success depends on maintaining our license to operate through responsible resource use and effective management of our asset footprint,” said Robert G. Phillips, Chairman, President & Chief Executive Officer, Crestwood. “We continue to position Crestwood for operational success while demonstrating our commitment to reducing emissions and minimizing our environmental footprint. We know that through collaboration as an industry, we can meet our shared goal of delivering the nation’s energy in a reliable, safe and sustainable manner and showcase the resiliency of our sector in a rapidly evolving industry. Our membership with ONE Future is a natural continuation of these efforts.”
The 2019 Methane Intensity Report was released last month, and the coalition registered a 2019 methane intensity number of 0.334%; beating its one percent goal by 67%, and 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 for years to come.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at http://www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
About ONE Future
ONE Future was formed when seven 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 33 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 & Gas, Crestwood, Dominion Energy, Duke Energy, EagleClaw Midstream, Enbridge, Encino, Equinor, EQT, Equitrans Midstream, Hess, Kinder Morgan, National Grid, New Jersey Natural Gas, NW Natural, ONE Gas, ONEOK, Southern Company Gas, Southern Star, Southwestern Energy, Summit Utilities, TC Energy, Williams, Woodland Midstream and Xcel Energy. For more information visit www.onefuture.us.
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