HOUSTON – August 25, 2021 – Our Nation’s Energy Future (“ONE Future”) today announced that National Fuel Gas Company (National Fuel) (NYSE: NFG) has joined the Coalition. National Fuel is a diversified energy organization headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: exploration and production, pipeline and storage, gathering, and utility.
“For more than 100 years, National Fuel has maintained operational excellence in Western New York and Northwest Pennsylvania,” said Richard Hyde, Executive Director, ONE Future. “National Fuel’s extensive knowledge of natural gas assets, coupled with its geographic reach will provide our existing members with invaluable information around emissions reduction, and I am confident National Fuel will grow from our learnings, too.
The ONE Future Coalition is a group of natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to 1% (or less) by 2025 and is comprised of some of the largest natural gas production, gathering & boosting, processing, transmission & storage and distribution companies in the U.S. and represents more than 15% of the U.S. natural gas value chain. As a ONE Future member, National Fuel will report its 2021 methane results within the Production, Gathering & Boosting, Transmission & Storage and Distribution sectors; and hold a seat on the board of directors.
“National Fuel goes back nearly two centuries to the very formation of the natural gas industry, and we have been in exploration and production for more than 100 years. We pride ourselves in fueling the daily lives of the families and businesses that call the regions in which we operate, home,” said David P. Bauer, President and Chief Executive Officer, National Fuel. “Our commitment to responsible business operations is rooted in six guiding principles: Safety, Environmental Stewardship, Community, Innovation, Satisfaction and Transparency. Our membership with ONE Future is a natural fit with these beacons.”
Through the efforts of coalition members, ONE Future has surpassed its one percent goal in each of the three years that it has reported its methane intensity. The 2019 Methane Intensity Report, released in November 2020, registered a 2019 methane intensity number of 0.334%: beating its one percent goal by 67%. This means that methane emissions by coalition members across the natural gas value chain consisted of only about one-third of one percent of all natural gas produced and delivered, 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 National Fuel Gas Company
National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. Additional information is available at www.nationalfuel.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 more than 45 companies accounting for some of the largest natural gas producers, transmission, and distribution companies in the U.S. ONE Future members operate in 13 out of the 38 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. For more information visit Home | One Future.
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