Corporate Responsibility Report 2017-2018
- Health and Safety
Protecting natural resources is not only the right thing to do, it is good business. SWN operates responsibly and strives to reduce emissions and improve energy efficiency. Since we view natural gas as an essential part of a lower-carbon energy future, our vision is to safely and responsibly develop our gas and liquids. We take a science-based approach to achieving this vision, actively participating in academic and industry research to develop innovative environmental solutions. We maintain positive and productive relationships with federal and state regulatory agencies, and it is our practice to conform our operations to the spirit – not just the letter – of environmental regulations.
In July 2018, SWN entered into an agreement to provide certified environmentally friendly “SWN Gas” to a utility in the Northeast United States. SWN Gas is produced exclusively from wells that have been certified by the Independent Energy Standards Corporation. This responsibly produced gas focuses on top performance in air quality (methane emissions), freshwater stewardship, chemical management, well integrity and other environmental measures. The SWN Gas sold under the agreement, which is purchased at a price premium, is produced in Appalachia from wells that meet these standards at the Gold-certified level.
We adopted a science-based goal to maintain a 0.36 percent or less methane leak/loss rate as a percentage of gross production (for combined production and midstream operations). In 2017, we exceeded that goal for the fourth year in a row, achieving a rate of 0.221 percent.
In 2017, we met our freshwater neutral goal for the second time by offsetting or replenishing every gallon of fresh water we use through water-quality improvement projects or treatment technologies that return fresh water to the environment in the same operating region.
In our operations, SWN aims to minimize surface impacts, prevent spills, reduce waste and protect biodiversity. For example, we use closed-loop systems to handle drilling mud, and we have spill prevention countermeasure and control plans and spill response plans in place throughout our operations.
SWN’s low-cost resources are well positioned under multiple 2°C scenarios. Our leadership in reducing greenhouse gas emissions further enhances our ability to comply with new policies and practices, and our capital discipline constrains us from investing in assets that are unlikely to recover their capital costs.
gallons of incremental fresh water delivered to the environment through conservation projects since launching ECH2O® in 2012
cubic feet of methane emissions reduced since 2006 through engineering, process and maintenance improvements
methane leak/loss rate for 2017, below our 0.36% goal
of our total well count surveyed for potential methane leaks in 2017
of our Midstream-operated compressor stations surveyed for potential methane leaks in 2017
of identified leaks were repaired