Seneca Resources Achieves Peer-Leading “A” Grade under Equitable Origin’s EO100™ Standard for 100% of Appalachian Natural Gas Production
January 10 2024 - 4:15PM
Today, Seneca Resources Company, LLC (Seneca), the Exploration and
Production segment of National Fuel Gas Company (NYSE: NFG)
(National Fuel), announced that it has attained an "A" letter grade
under Equitable Origin's EO100™ Standard for Responsible Energy
Development certification, covering 100% of its natural gas
production, approximately 1 billion cubic feet of natural gas per
day. To achieve this "A" grade, Seneca, as part of an annual
verification audit, demonstrated scores of 98% or higher across all
five principles of the EO100™ Standard, including corporate
governance and ethics; social impacts, human rights and community
engagement; Indigenous Peoples' rights; occupational health, safety
and fair labor standards; and environmental impacts, biodiversity,
and climate change.
Seneca has been certified under the EO100™ Standard since
December 2021, following annual independent, third-party audits of
Seneca's Pennsylvania operations by Geosyntec Consultants.
"We are thrilled to recognize the superb ESG performance Seneca
has achieved as assessed by the expert team at Geosyntec. Three
years in, Seneca's focus on improving its performance each year and
on working collaboratively with key stakeholders has delivered one
of the top scores yet attained under our system," said Jason
Switzer, CEO of Equitable Origin.
"These accomplishments highlight Seneca’s dedication to ongoing
improvement through the use of innovative technologies and
processes, aimed at ensuring long-term sustainability and
responsible energy production,” said Justin Loweth, President of
Seneca. “Seneca is proud to provide safe, reliable, affordable, and
sustainable energy for the benefit of Appalachia and beyond."
About National Fuel Gas Company:National Fuel
is a diversified energy company headquartered in Western New York
that operates an integrated collection of natural gas assets across
four business segments: Exploration and Production, Pipeline and
Storage, Gathering, and Utility. Additional information about
National Fuel is available at www.nationalfuel.com.
About Equitable Origin:Equitable Origin is
a non-profit organization that was founded with a vision to create
a market-based mechanism to recognize and reward responsible energy
producers and to empower energy purchasers through independent,
site-level certification. The EO100™ Standard for Responsible
Energy Development is grounded in a set of comprehensive, globally
applicable ESG indicators developed with extensive stakeholder
input. Certification against the EO100™ Standard promotes best
practices and drives improvements in ESG performance while enabling
a market for certified responsible energy with a premium price for
differentiated production.
Cautionary StatementsCertain statements
contained herein, including statements identified by the use of the
words “anticipates,” “expects,” “intends,” “plans,” “predicts,”
“projects,” “believes,” “will,” “may,” and similar expressions, and
statements other than statements of historical facts, are
“forward-looking statements” as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties, which could cause actual results or
outcomes to differ materially from those expressed in the
forward-looking statements. While National Fuel’s expectations,
beliefs, and projections are expressed in good faith and are
believed to have a reasonable basis, actual results may differ
materially from those projected in forward-looking statements. In
addition to other factors, the following are important factors that
could cause actual results to differ materially from those
discussed in the forward-looking statements: (1) National Fuel’s
ability to estimate accurately the time and resources necessary to
implement new practices; (2) governmental/regulatory actions and/or
market pressures to reduce or eliminate reliance on natural gas;
and (3) the other risks and uncertainties described in (i) National
Fuel’s most recent Annual Report on Form 10-K at Item 7, MD&A,
and Quarterly Reports on Form 10-Q at Item 2, MD&A, under the
heading “Safe Harbor for Forward-Looking Statements,” and (ii) the
“Risk Factors” included in National Fuel’s most recent Annual
Report on Form 10-K at Item 1A. National Fuel disclaims any
obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof. Because of these
risks and uncertainties, readers should not place undue reliance on
these forward-looking statements or use them for anything other
than their intended purpose.
NFG Contacts:
Brandon Haspett
Analyst Contact
716-857-7697
Rob Boulware
Media Contact
412-548-2572
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