Encino joins ONE Future coalition
HOUSTON –Encino Acquisition Partners has joined the Our Nation’s Energy Future coalition, officials have announced.
As a ONE Future member, Encino 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. When the 2018 Methane Intensity Report was released last fall, the coalition registered a 2018 methane intensity number of 0.326 percent. This was a decrease of 41 percent from 2017 — demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput.
“Encino has a strong commitment to its stakeholders — employees, landowners and communities — to operate safely, responsibly and sustainably,” said Hardy Murchison, president and CEO. “We are proud of our emissions reductions efforts thus far, and membership with ONE Future will help us continue to deliver on this commitment.”
The addition of Encino brings the coalition total to 28 members.
“Encino’s commitment to sustainable, safe and environmental conscientious operations aligns with our values and we are confident they will bring great value to the coalition,”said Richard Hyde, executive director of ONE Future. “It’s exciting to see the growing commitment of the natural gas industry to reduce methane emissions all while supplying much needed clean, inexpensive and reliable energy to the U.S. and around the globe for years to come.”
Houston-based Encino is building a high-quality oil and gas company with a diverse portfolio of assets focused on achieving long-term returns, while maintaining a strong financial position. With its first acquisition in 2018, it became the largest acreage holder in the Utica Shale play of Ohio and is actively developing its Ohio properties.
ONE Future was formed when eight companies came together in 2014 with a focus to achieve a science-based average rate of methane emissions across member facilities equivalent to 1 percent (or less) of total natural gas production. Coalition members operate in 11 of the 19 production basins and other segments of the value chain operate in multiple regions of the country. Its members include Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire Hathaway Pipeline Group, BHP, Boardwalk Pipeline Partners LP, 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, ONEOK Inc., Southern Company Gas, Southern Star, Southwestern Energy, Summit Utilities, TC Energy, Williams and Excel Energy.