We fully embrace our role as responsible stewards of the natural resources we manage, the people we employ and the environment in which we operate. We strive to adhere to quality operating standards with a strong focus on the environment, the health and safety of our employees and our local communities.
Our Smarter Asset Management (“SAM”) program is fully aligned with our commitment to environmental stewardship and overall sustainability. During the year, for example, we completed thousands of assessments on our many miles of midstream and gathering pipeline that led to repairs which permit more of our produced volumes to be sold, increase the safety of our pipelines for our employees and communities and eliminate previously unidentified emissions. Our work to continually enhance the integrity of our pipelines will continue to be a significant focus in 2021. To learn more, please visit our Smarter Asset Management page.
The Benefits of Natural Gas
Natural gas must play a key role in the global economic transition to lower-carbon and renewable energy sources. Natural gas has many inherent environmental, economic and energy creation benefits when compared to other energy sources.
From an environmental perspective, natural gas emits approximately 50% lower carbon dioxide emissions compared to coal when burned. The US’s transition to consuming natural gas for energy generation has had a transformational reduction in the nation’s CO2 emissions levels. In fact, thanks in large part to natural gas, the US has led the world in lowering CO2 emissions, and with the clear majority of DEC's production comprised of natural gas, we are proud to play a role in this favorable result. Approximately 99% of our 2020 production was cleaner burning natural gas and natural gas liquids.
Based on the many energy transition scenarios that exist, including those held by the International Energy Agency and US Energy Information Administration, natural gas will remain a primary resource for future energy demand. Recognizing the potential impact that future climate change regulation may have on our business and strategic objectives, we strive to responsibly and safely deliver an energy resource that is vital to meet the growing global demand for energy while also being a leader in the energy transition.
Read more about our sustainable operations by visiting our latest Sustainability Report.