Devon Energy Corp., Oklahoma City, has set a methane-intensity rate target for its US oil and natural gas production operations of 0.28% or lower by 2025. In 2018, Devon’s methane-intensity rate was estimated at 0.32%, which is pending US Environmental Protection Agency review and third-party verification.
The company’s methane-intensity rate is calculated based on emissions from Devon-operated oil and gas production facilities as a percentage of gas produced. This includes all sources of emissions as reported to the EPA, plus emissions from all basins that fall below the threshold that require EPA reporting and would otherwise go unreported.
As part of its overall methane emissions management program and to help achieve and maintain the intensity goal, Devon is executing leak detection and repair (LDAR) at sites where LDAR is not required by federal or state regulation. Devon has trained personnel whose primary focus is conducting infrared camera surveys and ensuring that any necessary repairs are successful. Data collected through the program will allow Devon to establish best management practices and identify technology, equipment, and materials for improved performance.
Devon’s new methane-intensity measure will be a component of executive and employee compensation, along with short-term emissions performance that already exists.