Le Lézard
Classified in: Oil industry, Environment, Science and technology, Business
Subject: LIC

Kinetik and Tachyus Sign Agreement to Deploy Aurion to Monitor, Model and Report Carbon Emissions


HOUSTON , May 24, 2022 /PRNewswire/ -- Kinetik, the largest midstream operator in the Delaware Basin, and Tachyus Corporation, a leader in digital transformation, today announced an agreement to implement Aurion, which will be used to estimate, model, forecast and report carbon emissions in Kinetik's operations.

"We look forward to integrating the Aurion platform within our day-to-day operations. We see enhanced carbon accounting and the ability to frequently model and report our GHG emissions as essential in achieving both our long-term net zero goals and the emission-related targets included in our Sustainability-Linked Financing Framework published earlier this week," said Jamie Welch, President and CEO of Kinetik. 

"We are excited about today's announcement and to partner with Kinetik. Aurion will help Kinetik report emissions to the EPA, and more importantly, allow them better forecast the impact of future operational decisions and be a critical solution used to achieve its net-zero greenhouse gas emissions goal," said Matt Elbert, Tachyus' Chief Revenue Officer.

About Kinetik

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas, providing comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water.

A link to the aforementioned Sustainability-Linked Financing Framework can be found here.

About Tachyus

Born in Silicon Valley, Tachyus Corporation brings a pragmatic approach to the energy transition by combining traditional reservoir modeling, data physics and artificial intelligence. Aurion is Tachyus' platform to estimate, model, forecast and report Carbon Emissions in oil and gas operations.

SOURCE Tachyus


These press releases may also interest you

at 16:20
NIKE, Inc. today reported financial results for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Fourth quarter reported revenues were $12.2 billion, down 1 percent compared to prior year and up 3 percent on a currency-neutral...

at 16:20
Silgan Holdings Inc. , a leading supplier of sustainable rigid packaging solutions for consumer goods products, will release its second quarter 2022 earnings results on Wednesday, July 27, 2022, before the U.S. markets open. At 11:00 A.M. eastern...

at 16:18
A new survey conducted by Protiviti and ISACA found that cybersecurity is the chief risk for IT audit departments, with several related risks such as privacy and data as well as regulatory compliance also ranking as top concerns....

at 16:15
Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") , the owner of Long-Term Relevant Real Estate® in the lodging industry, announced that it will report financial results for the second quarter 2022 on Wednesday, August 3, 2022, before the...

at 16:15
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") , a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that...

at 16:15
Anywhere Real Estate Inc. , a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), today announced that CEO and President Ryan Schneider will participate in the Moody's US Housing and Housing Finance Executive...



News published on 24 may 2022 at 13:04 and distributed by: