September 9, 2020 – HOUSTON, TX – Our Nation's Energy Future (ONE Future) announced today that Encino Acquisition Partners (Encino), has joined the coalition; bringing the total number of member companies to 28.
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. The 2018 Methane Intensity Report was released in the Fall of 2019; the coalition registered a 2018 methane intensity number of 0.326%. This was a decrease of 41% 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, Encino. “We are proud of our emissions reductions efforts thus far, and membership with ONE Future will help us continue to deliver on this commitment.”
“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, 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.”
About Encino Acquisition Partners
Headquartered in Houston, Texas, Encino Acquisition Partners (EAP) is building a high-quality oil and gas company with a diverse portfolio of assets focused on achieving attractive, long-term returns, while maintaining a strong financial position. Encino Energy and Canada Pension Plan Investment Board (CPP Investments) formed EAP in 2017 to drive long term investment returns by acquiring and developing oil and gas assets across the lower 48 states of the United States. With its first acquisition in 2018, EAP became the largest acreage holder in the Utica Shale play of Ohio and is actively developing its Ohio properties. EAP's website is www.encinoenergy.com.
About ONE Future
ONE Future was formed when eight 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 28 companies accounting for the some of the largest natural gas producers, transmission and distribution companies in the U.S. ONE Future members operate in 11 out of the 19 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, 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 Xcel Energy. For more information visit www.onefuture.us.
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