On May 17, 2022, Bill Vail represented Graves & Co. Consulting at the New York Energy Capital Assembly’s annual conference in New York City. Held at the New York Stock Exchange’s headquarters above historic Wall Street, the Assembly addressed today’s most urgent topics regarding environmental, societal and governance (ESG) corporate strategies.
There’s no doubt that publicly-held oil & gas companies are committing significant time and resources to managing their ESG activities as well as preparing their respective boards with the data and analytics needed for filing future ESG annual reports.
We would like to share what we believe are some of the key takeaways from the New York conference:
With regard to RSG, Northeast Natural Energy (NNE) of West Virginia is leading the movement. NNE is the first U.S. natural gas producer to be 100% in compliance with EO100 standards. According to Equitable Origin, who helped assess NNE’s policies and performance metrics, they believed NNE went above and beyond in many areas including transparency, community health and safety, land rights, and bio-diversity. It remains to be seen if RSG can generate future sales with enhanced netback prices for natural gas and NGLs, yet the goal remains enticing.
We welcome discussions on this topic, and would appreciate hearing what you think. Please reach out to us at firstname.lastname@example.org, or telephone us at 713/650-0811.
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Graves & Co. Consulting is a registered professional engineering firm providing engineering and geological studies, financial analysis and technical evaluations of oil and gas assets for use in annual reports, field development planning, mergers and acquisitions, litigation and regulatory filings. Graves serves public and private E&P companies, banks, private equity firms, royalty trusts and mineral owners with assets throughout the United States, South America and Europe.