HOW LONGPATH TECHNOLOGIES TRANSFORMED TRIPLE CROWN’S METHANE MONITORING IN THE PERMIAN BASIN AND UNCOVERED A $3.5M SUCCESS STORY
DENVER, CO / ACCESSWIRE / June 20, 2023 / LongPath Technologies (LongPath), a leading provider of methane reduction solutions, is proud to announce its appearance alongside Triple Crown Resources (Triple Crown) in episode 8 of Bloomberg's Getting Warmer series. The episode features an insightful interview with Ryan Keys, Co-CEO of Triple Crown Resources, who discusses the successful implementation of LongPath's innovative methane detection and reporting solution for reliably accurate leak detection and quantification on their assets in the Permian Basin.
Bloomberg's Getting Warmer series features Triple Crown Resources and LongPath Technologies.
Ryan Keys, co-CEO of Triple Crown Resources, reveals that Triple Crown has seen revenue increase by $3.5 million due to leak detection and repair efforts costing less than $400,000.
Business case proves that reliably accurate continuous methane emissions monitoring is a performance improvement opportunity-not an added operating expense.
Caroline Alden, LongPath co-founder and Vice President of Product and Markets, praises Keys as an influential voice in the methane conversation. Alden commented, "Ryan brings the critical perspective of a smaller US operator. As a member of the Methane Roundtable, facilitated by Harvard's Environmental & Energy Law Program, he views methane monitoring as akin to drilling new wells in terms of profitability and gas capture."
Ian Dickinson, LongPath Chief Executive Officer, notes, "Triple Crown is a progressive industry leader who has amplified the message that continuous methane monitoring is a performance improvement opportunity-not an added operating expense. LongPath data pays for itself."
During the episode, Ryan Keys reveals to Bloomberg's Kal Penn that Triple Crown has seen revenue increase by $3.5 million due to leak detection and repair efforts costing less than $400,000. He has previously emphasized at various industry forums that improving methane emissions is among the highest rate of return projects for any Permian Basin operator's portfolio.
LongPath Technologies remains committed to revolutionizing methane detection and data and partnering with industry leaders like Triple Crown Resources to enhance sustainability commitments and profitability to address the energy trilemma of accessible, available, and affordable energy.
About LongPath Technologies:
LongPath Technologies is an emissions analytics network for accurate real-time data, specializing in continuous monitoring of methane emissions across the oil and gas supply chain with expanded services to various markets. LongPath-managed sensing infrastructure provides unrivaled coverage, delivering reliably accurate high-precision data tailored to clients' requirements. Its mission is to enable operators to confidently validate their gas performance, boosting operational credibility while driving sustainable futures. We are a trusted partner in emissions management and methane reporting, offering comprehensive coverage and reliably accurate data for confident quantification, measured methane intensity, and responsibly sourced gas (RSG) certification. LongPath offers cost-effective continuous emissions monitoring solutions supporting the journey towards a lower carbon energy transition. www.longpathtech.com/