SUBLETTE COUNTY – What’s in a name?
With the acquisition of the assets of Pinedale Energy Partners Operators, Anticline’s largest natural gas producer is once again changing its name to pursue a new image.
With the continued decline in natural gas prices and a competitive market, Ultra is carving out a new niche to distinguish itself as an environmentally friendly operator with reduced emissions and more efficient equipment.
“Along with our name change, we have changed our mission – to advance modern life by producing natural gas in a safe, environmentally responsible and cost-conscious manner – and these changes reflect these new commitments,” said Christopher Valdez, CEO of PureWest. .
It has partnered with Project Canary to certify its wells as TrustWell’s “responsible source gas” and will have 871 certified wells this year and the rest by the end of next year, he said. .
Between Pinedale and Denver, PureWest now has around 150 employees – it declined to say how many PEPOs were retained after the Ultra takeover.
The standards set by the 2008 Anticline Pinedale Record of Decision that Ultra – er, PureWest – strives to achieve are already demanding.
“We operate in one of the strictest regulatory environments in the country,” Valdez said last week. “We have built momentum to meet the high bar set for us by regulators (Wyoming and the federal government) and have continued to innovate and advance a number of voluntary initiatives. “
These include quarterly camera leak inspections at all facilities, which he says show “one of the lowest methane intensity rates in the country – 0.04%.”
The installation of solar heat pumps and the removal of pneumatic devices were part of Ultra’s continuing efforts.
“This year, we are piloting a line heater bypass project, which has the potential to reduce our nitrogen oxide emissions on a field scale, and we will continue to seek opportunities for technology upgrades that will reduce our environmental footprint, ”said Valdez.
The company relies on the development of new RSG markets by the public and private sectors that can “transition to a low carbon economy”.
When asked what the company’s future vision is for the Pinedale anticline, Valdez said, “To be the most responsible and profitable Rocky Mountain-focused natural gas company. Our recent acquisitions have allowed us to apply our focus on safety and sustainability to a wider swath of the field and take advantage of the economies of scale associated with a larger operation.
“In addition to our focus on ESG and cost leadership, we are working to improve well productivity to make Anticline development competitive in the North American supply stack. “