COMSTOCK RESOURCES, INC. PARTNERS WITH MiQ TO CERTIFY NATURAL GAS PRODUCTION
02 Novembro 2021 - 5:15PM
Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK)
today announced a partnership with MiQ to independently certify its
natural gas production in North Louisiana and East Texas.
Comstock will use the MiQ Standard, a framework
that assesses and grades methane emissions intensity, enhanced
monitoring technology deployment and operating practices that
promote a culture of emissions management and continuous
improvement, for its facilities in North Louisiana and East Texas,
which currently produce approximately 2.0 billion cubic feet per
day of natural gas.
The partnership highlights Comstock's ongoing
commitment to produce natural gas under strict environmental
standards and deliver differentiated, responsibly sourced gas based
on methane intensity to both domestic and international markets.
Comstock's goal is to achieve the MiQ certified natural gas status
in the first half of 2022.
Comstock has engaged Responsible Energy
Solutions, LLC as the third-party auditor for the certification
process which will follow the MiQ Standard.
M. Jay Allison, Comstock's Chairman and Chief
Executive Officer, commented: "As a leading natural gas producer in
the Haynesville shale, Comstock is committed to environmental
stewardship. Over the past three years, we have lowered our GHG
emission intensity by 38% and our methane emission intensity by
16%, while growing our production by approximately 4.5 times over
the same period. Our partnership with MiQ to certify our natural
gas in accordance with the highest environmental standards
demonstrates our commitment."
MiQ is a not-for-profit partnership between RMI,
formerly the Rocky Mountain Institute, and global sustainability
consultancy SYSTEMIQ, which is pioneering a market-based approach
to rapidly reduce methane emissions across the global natural gas
sector.
George Tijbosch, Senior Advisor at MiQ, said:
"Methane abatement remains a huge priority for the world achieving
its climate goals and we welcome the partnership with Comstock
Resources. We look forward to a fruitful relationship and working
with them to achieve their environmental goals."
About Comstock Resources
Comstock Resources is a leading independent
natural gas producer with operations focused on the development of
the Haynesville Shale in North Louisiana and East Texas. The
Company's stock is traded on the New York Stock Exchange under the
symbol CRK.
About MiQ
MiQ has developed a universally applicable
certification standard for credibly assessing the methane emissions
performance of natural gas production around the world. The
standard is independent, third-party audited, quantitative and
graded across a sliding A-F scale based on three metrics: methane
intensity, company practices and methane detection technology
deployment. MiQ's Certification scheme is designed to improve
transparency surrounding methane emissions and provide the backbone
for a level playing field across the global natural gas market.
A MiQ Certificate represents the methane
emissions performance attributes of a MMBTU of gas. To prevent
double-counting, MiQ maintains a digital registry of all MiQ
Certificates from Issuance through to Retirement. Visit www.miq.org
for more information.
This press release may contain
"forward-looking statements" as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such statements are based
on management's current expectations and are subject to a number of
factors and uncertainties which could cause actual results to
differ materially from those described herein. Although the Company
believes the expectations in such statements to be reasonable,
there can be no assurance that such expectations will prove to be
correct.
Ron Mills
VP of Finance and Investor Relations
Comstock Resources
972-668-8834
rmills@comstockresources.com
Comstock Resources (NYSE:CRK)
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