Energy Efficiency, GHG Emissions, Industrial - September 9, 2022
Peyto Exploration & Development Lowers Emissions
Peyto Exploration & Development Corp. announced its Scope 1 and 2 GHG emissions intensities were determined at 18.1 kgCO2e per boe of production in 2021, representing a 28% reduction from 2013 levels and a 3% reduction from the prior year.
The company’s emissions intensity per barrel of production was less than half that of the average in the Canadian oil and gas sector according to government of Canada data, the company reported in a statement.
Peyto controlled and operated 99% of its production in 2021 which was processed through one of 10 wholly owned gas processing plants. All Scope 1 and 2 emissions from wellhead to sales through these facilities were included in their emissions intensity.
Details were provided in its 2022 ESG Report.
The company specifically targets the methane component of GHG emissions as it provides the best opportunity to make meaningful reductions while minimizing the loss of sales gas. The 2021 flared and vented methane emissions intensity was down 59% from 2016, exceeding its 5-year target of reducing intensity to 50% of 2016 levels.
A new target has been set to further reduce this intensity by another 50% by 2023 (or 75% lower than 2016 levels). Peyto’s ongoing methane emissions reduction projects include the installation of zero emissions measurement skids on all new wells and retrofitting older sites with zero emission solar-powered pumps, ultra-low-bleed controllers, and methane collection bottles to use as heater fuel.