HOUSTON – June 30, 2021 – Our Nation’s Energy Future (“ONE Future”) today announced that Sheridan Production Partners (“Sheridan”) has joined the Coalition. Sheridan is a Houston-based oil and gas company dedicated to acquiring and exploiting a balanced portfolio of mature producing properties in onshore basins in the United States.
“Sheridan strives for excellence in production management, recovery enhancement, and environmental care,” said Richard Hyde, Executive Director, ONE Future. “Joining the Coalition demonstrates their commitment to achieving operational and environmental excellence.”
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, Sheridan will report its 2020 methane results within the Production sector and hold a seat on the board of directors.
“Throughout our history, Sheridan has been committed to acquiring mature oil and gas assets and operating and developing them efficiently to the benefit of our stakeholders. Key building blocks to our operating philosophy are maintaining a safe work environment for our staff and being good stewards of the environment. We are excited to join ONE Future and exchange ideas with other like-minded operators to reduce the methane intensity of our operations even further below the current low levels at which we operate” said Mark Miertschin, Sheridan’s President and Chief Executive Officer.
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 Sheridan Production Partners
Sheridan was established in 2006 with the long-term plan of creating a premier oil and gas operating company to implement the Sheridan investment strategy. For more information, please visit www.sheridanproduction.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 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. Its members include Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire Hathaway Pipeline Group, BKV Corporation, Black Hills Corporation, Blue Racer Midstream, Boardwalk Pipeline Partners, LP, Caerus Oil & Gas, Crestone Peak Resources, Crestwood, Consolidated Edison, Inc., Dominion Energy, DTE Energy, Duke Energy, EagleClaw Midstream, Enbridge, Encino, Enstor, Equitrans Midstream, Hess, Jonah Energy, Kinder Morgan, National Grid, New Jersey Natural Gas, Northeast Natural Energy, NW Natural, ONE Gas, ONEOK, Sempra Energy, Sheridan Production Partners, Southern Company Gas, Southern Star, Southwestern Energy, Spire Energy, Summit Utilities, Targa Resources Corp.,TC Energy, Tug Hill Operating, UGI, Western Midstream, Williams, and Xcel Energy. For more information visit www.onefuture.us
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