PennEnergy Resources achieves MiQ Grade A methane certification
The designation confirms rigorous environmental standards across the firm's complete operational footprint.
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Shale development company
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In short: PennEnergy Resources secured $2 billion from EnCap, achieved Grade A methane certification, and received a key fracking water permit.
The designation confirms rigorous environmental standards across the firm's complete operational footprint.
The capital raise exceeded the target, providing growth capital for bolt-on opportunities with strong investor demand.
The gas producer earns the top MiQ rating by maintaining methane intensity below zero point zero five percent across all operations.
The transaction includes released collateral accounts and expands operations to over 200,000 acres. Closing occurs in September 2018.
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