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Chesapeake (CHK) to Certify Appalachia & Gulf Coast Natural Gas

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Chesapeake Energy Corporation CHK recently announced that it has collaborated with MiQ and Equitable Origin.

With the new collaboration, the upstream energy firm will likely commence independent certification of its natural gas production under the MiQ methane standard and the EO100™ Standard. The company will gradually expand the certification process to its production from Appalachia assets, after certifying its production across its Gulf Coast resources.

The certification program represents the company’s strong commitment to drastically lower methane and greenhouse gas intensity. Thus, the leading natural gas producer will achieve its ambitious goal of net-zero direct greenhouse gas emissions by 2035.

Chesapeake added that the quantitative assessment of its methane emissions will be provided by MiQ. Equitable Origin, in compliance with its EO100™ Standard, will certify the upstream energy company’s production. The company is now expecting the availability of its certified natural gas from the Gulf Coast basin by 2021-end. Production volumes from the prolific Appalachia basin will get certified by the second quarter of 2022.

Chesapeake Energy Corporation Price

Chesapeake Energy Corporation Price
Chesapeake Energy Corporation Price

Chesapeake Energy Corporation price | Chesapeake Energy Corporation Quote

Currently, Chesapeake carries a Zacks Rank #3 (Hold). Meanwhile, a few better-ranked players in the energy space include Whiting Petroleum Corporation WLL, Continental Resources, Inc. CLR and PDC Energy, Inc. PDCE. While Whiting Petroleum carries a Zacks Rank #2 (Buy), Continental and PDC Energy sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Whiting Petroleum has witnessed upward earnings estimate revisions for 2021 in the past 30 days.

Continental is expected to witness earnings growth of 256% in 2021.

PDC Energy is likely to see earnings growth of 111.8% in 2021.


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