Corporations and governments are increasingly prioritizing sustainability goals and emissions mitigation strategies. Simultaneously, electrification, extreme weather, and natural resource constraints are impacting energy and supply chain resilience. We are facing a convergence of crisis that biofuels and carbon markets can help solve, but adoption is constrained by lifecycle and impact uncertainty. Technology can connect the disconnected, unsiloing data across the value chain, to turn opacity into transparency and deliver intervention and investment return confidence.

• Simplifying existing standard's consistency and reviewing the importance of training needed to implement new regulations successfully
• Providing more credibility and transparency to the industry
• Participating in oil and gas methane project 2.0 and the GTI Veritas project

Focus will be on the implications of the Inflation Reduction Act (IRA), Permitting legislation and the new SEC ESG rules

Building trust requires accurate, auditable emissions data. Modernized life-cycle assessments and digital ledgers are two key tools that can make a difference. 
•    Building trust means implementing new tools and processes that accurately track molecules along the value chain
•    Leveraging emerging technologies to ensure a consistent methodology and commitment to accuracy is key to operational efficiency
•    Combining up-to-date lifecycle assessments with carbon ledgers can create systems that deliver both business opportunity and robust reporting capabilities
 

•    What are the operator shareholder and stakeholder perspectives on carbon tracking and reporting? 
•    How will the market and customer behavior evolve in the next 10 years regarding the Net Zero 2050 target? 
•    How can the decarbonization, NetZero and ESG strategies be integrated into the long-term company strategy? 
•    What has been done so far? Is it enough? What else is missing to tackle ESG properly and reach NetZero by 2050? 
•    Regulations and standards: Are the laws and regulations updated? What codes or standards should be implemented to guarantee accurate emissions tracking and reporting? 
•    What role will state, and federal tax and tax incentives play to achieve this goal. Is 45Q enough or should it grow further from $85 / ton?  
•    Technology: What innovative technologies should we use to enhance emissions tracking and reach NetZero? Is multi-sensor a solution?  

• Be a learning leader - don't be a know-it-all leader and remain humble, curious, and vulnerable
• Embracing abundance over scarcity and practicing empathy to improve employees' experience
• Rewarding long-term thinking while always Inspiring and upskilling (Never re-skill)
• Engineering Happiness – your people are your ultimate competitive advantage

E&P companies can lower corporate-level carbon footprint by targeting depleted oil and gas fields for CO2 storage or EOR while creating additional value in the process. This presentation highlights an integrated framework for emission estimation, production forecasting and economic analysis for lower carbon oil field development optimization and achieving emission reduction goals. Application of the framework to a depleted oil reservoir demonstrates the existing opportunities to utilize subsurface pore space for value creation and emission reduction.

• The importance of scope 3 emissions tracking from a policy and stakeholder perspective
• Discussing existing carbon tracking and reporting processes to measure progress in meeting climate metrics
• Evaluating how to correctly estimate the emissions methodology across the value chain for Scope 3 emissions
• What are some of the challenges in putting Scope 3 emissions data together
• How are digital technologies helping to enhance data reporting processes?  
• How is your organization preparing ahead of the anticipated SEC climate disclosure ruling?

• What infrastructure did you need to put in place to make that happen?
• What technology and where will it go?

Tracking emissions and providing context to:

• When specific emissions were made
• What systems contributed most to the emissions 
• What was done while emitting the CO2
• The importance of collaboration, development and co-investments within the industry.

Continuous Emissions Monitoring Systems (CEMS) are traditionally capital-intensive installations reserved for large industrial plants. Recognizing the need for direct emissions monitoring, Precision identified vendors outside of oil and gas with solutions we believed could be adapted to survive and thrive on a mobile drilling rig. This presentation will discuss the journey to overcome the intimidating price tag of legacy CEMS systems and embrace collaboration to quickly adapt, adopt, and implement the first CEMS system of its kind in the drilling market.

•    Company initial carbon footprints, and their remaining carbon budgets to Net Zero
•    The existing complex reporting landscape, and the need for an integration platform
•    The Carbon Register – a unified solution spanning all industrial activity
•    The increasingly vital role of Removals as part of the Net Zero Strategy
•    Carbon Audits, and the Validation of yearly submissions through the implementation of Smart Contracts
•    The GHG Ecosystem Certificate of Known Origin (GECKO), and the Removals Certificate of Known Origin (RECKO)
•    A future trading landscape for Certificates

•    Getting a handle on Scope 3 emissions and unlocking economic incentives for carbon removal/avoidance both require more integrated and interconnected approaches than we've largely seen thus far.
•    How can we move to more integrated and interconnected solutions while still preserving sensitive internal data?
•    What is the role of blockchain technology in driving interconnection and helping scale voluntary carbon markets?
 

• How can operators proactively prepare to gather methane emissions data in order meet upcoming rules and regulations? 
• What do operators require from the supply chain in order to ensure compliance? 
• What available innovative technologies can be utilized to enhance emissions tracking and reach NetZero? Is multi-sensor a solution? 
• How can IIoT and Automation transform how methane and other GHG emissions are tracked and reported?