Devon Energy Gives Target to Reduce Methane Emissions
11 June 2019
Devon Energy has announced it is establishing a voluntary, company-specific target to reduce methane emissions for its U.S. oil and natural gas production operations. By 2025, Devon aims to achieve a methane-intensity rate of 0.28 percent, or lower. This target signifies the next step in the company's continuing pursuit to reduce GHG emissions and reaffirms the company’s commitment to protecting the environment.
The company’s methane-intensity rate is calculated using emissions from Devon-operated oil and natural gas production facilities as a percentage of natural gas produced. This includes all sources of emissions as reported to the EPA, plus emissions from all basins.
“By continuing to operate responsibly and increasing our focus on leak detection and repair, we’re confident we can meet this ambitious target,” said Dave Hager, Devon president and CEO in a press release. “The actions we’re taking reaffirm our commitment to responsible production operations, going beyond what is required by law in pursuit of continuous improvement in environmental performance.”
As part of its overall methane emissions management program and to help achieve and maintain the intensity goal, Devon is also proactively executing leak detection and repair (LDAR) at sites where LDAR is not required by federal or state regulation.