Midland-based Diamondback Energy said last week it joined Oil and Gas Methane Partnership 2.0, the flagship oil and gas reporting and mitigation program of United Nations’ environmental program. Travis Stice, chairman and CEO, said March 27, “As we work toward achieving our emission reduction targets, it’s paramount that we can rely on a framework that improves the accuracy and transparency of methane emissions reporting.”
Diamondback declared a goal of reducing methane intensity by at least 70 percent from 2019 to 2024. And in 2022 Diamondback committed to implement continuous emission monitoring systems on facilities to cover at least 90 percent of its operated oil production by yearend 2023.
About 100 companies with assets on five continents – representing 35 percent of global oil and gas production – have joined the United Nations partnership.