Olympus Energy in deal to sell certified gas

Privately-held Olympus Energy said July 19 it had executed an agreement with Tenaska Marketing Ventures for the sale of its certified natural gas produced in the Appalachian Basin.

The long-term transaction also involves the transfer of Digital Natural Gas^®certificates through the Xpansiv Registry. The certificates were issued after the gas was certified by Project Canary’s TrustWell™ program.

“Olympus has a long-standing commitment to the safe and responsible development of natural gas, and the Project Canary TrustWell™ environmental assessment process helps highlight the team’s ability to drive innovation and minimise environmental impacts,” Olympus COO Mike Wahl said. “Verifying that the natural gas produced by Olympus meets the latest standards across a robust set of ESG factors, including low methane emissions and water-use efficiency, is part of our continuous commitment to best-in-class operations.”

By transferring the certificates through Xpansiv’s digital registry, Olympus is also able to increase the transparency, detail, and integrity of its RSG transactions, Wahl added.

Olympus Energy, along with its midstream subsidiary, Hyperion Midstream, is the first integrated natural gas producer to have both its upstream producing assets and midstream gathering assets certified by Project Canary. The company has 45 producing wells in southwestern Pennsylvania that have been assessed under the TrustWell™ program.