Energy Transition

ESG efforts paying off as U.S. emissions drop 

byIvana Petrich

Emission intensities in the U.S. upstream sector dropped by 15% since 2020, based on the latest 2022 EPA FLIGHT data released in early October. Absolute annual emissions fell from 97.2 to 88.5 million metric tonnes (Mt) CO2e over the same period, mainly driven by decreases in venting and flaring emissions. 

Enverus Intelligence Research© (EIR) attributes the 8.9 Mt CO2e decrease in venting emissions to widespread retrofitting of intermittent bleed pneumatic controllers and increased surveying of equipment for leaks, rather than utilizing population counts and emission factors. Consequently, reported methane emissions fell across nine of the top 10 largest basins by production, except for Fort Worth. 

However, even after the decreases, six of the top-producing basins would have on average breached the proposed 0.20% upstream intensity threshold for the IRA’s methane fee: the DJ, Western Gulf, Anadarko, Williston, Fort Worth and San Juan. EIR expects continued progress toward methane reduction targets will help to minimize the fee’s impact on operators from 2024 onward. 

EIR’s extra detailed source category helps to pinpoint the core drivers behind the industry’s emissions progress. To learn more about the leaders and laggards at a basin, play and operator level, please contact intelligence@enverus.com. 

Highlights from Energy Transition Research 

  1. Gas-fired power generation – The flickering flame – Energy Transition Research’s view on the levers that will significantly impact power burn over the next seven years. 
  1. Prism Signal – Methane reduction drives U.S. GHG emissions decline – This Prism Signal takes a closer look at the latest reported GHG emissions in the U.S., tracking the upstream sector’s progress from 2020 to 2022 based on the latest EPA FLIGHT data released in early October. 
  1. Summoning Haynesville – This month’s FundamentalEdge reveals our upgrade to 2025-26 natural gas price expectations because of the need to summon ~7 Bcf/d of gas supply to feed LNG requirements and existing demand. 

Energy is changing. Connect weekly with the ideas that are leading the way. 

About Enverus Intelligence®| Research 
Enverus Intelligence® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations, and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies, and capital providers worldwide. Click here to learn more. 

Picture of Ivana Petrich

Ivana Petrich

Ivana is an ESG analyst on the Enverus Energy Transition Research team. She joined the firm in 2022 from PGIM Fixed Income in London, U.K., where she managed Nordic and Dutch institutional investor relationships with heavily ESG-focused active fixed income strategies. Prior to PGIM, she spent six years in client management at Insight Investment, Russell Investments and Bank of New York Mellon Investment Management EMEA, working closely with U.K. and European defined benefit pension schemes and corporate treasurers. Ivana graduated from the University of Delaware with a bachelor’s of science degree in finance and international business. She is a CFA charterholder and holds the Investment Management Certificate from the CFA Society of the U.K.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Enverus Press Release - Enverus Acquires BidOut, energy’s leading AI-powered procurement platform provider
Energy Market Wrap
ByEnverus

Beacon starts Zephyrus, Matador expands in the Delaware, ExxonMobil markets a major Eagle Ford package, Kinder Morgan sells assets, and Boardwalk adds storage capacity.

Enverus Intelligence® Research Press Release - Wood you believe it? BECCS is taking off and creating overlooked, lucrative opportunities
Energy Transition
ByThomas Mulvihill

PJM lowered its summer peak demand outlook to 160 GW from 164 GW, marking a meaningful shift from the more aggressive load trajectory it adopted in 2024.

Enverus Intelligence® Research Press Release - Recap: How the Trump Administration is reshaping energy markets
Blog Topics Operators
ByEnverus

In today’s upstream operations, pricing is rarely as simple as a fixed rate. Market volatility, supply constraints, labor dynamics, and regional variations make it increasingly difficult to manage service and material costs through static contracts. Most operators already acknowledge this...

Enverus Intelligence® Research Press Release -
Energy Market Wrap
ByEnverus

This week’s energy headlines were shaped by a landmark Haynesville acquisition, early stage shale consolidation talks, expanding refined products connectivity to the West Coast, a major commercial reset in the Permian and new momentum for Gulf Coast LNG.

Enverus Intelligence® Research Press Release - Waha prices expected to go negative (again)
Business Automation Operators
ByEnverus

Discover the overlooked vulnerabilities in owner data workflows—from ACH updates to revenue distribution—and learn how layered identity verification and proven security at scale help upstream operators protect owners, prevent fraud, and maintain audit‑ready controls.

Enverus Intelligence® Research Press Release - The data center decade has arrived
Power and Renewables
ByEnverus

In mid-December 2025, a powerful winter storm accompanied by an Arctic cold outbreak affected much of the central and eastern United States between December 13–15. A strong surge of frigid air spread southward from Canada, producing widespread below-zero temperatures (°F)...

Enverus and Pexapark Press Release - Enverus Enhances Global Trading & Risk Platform with Pexapark’s Benchmark Renewables Pricing and Market Intelligence
Energy Transition
ByBrynna Foley, Enverus Intelligence® Research

Vistra (VST) is wasting no time in 2026, positioning itself as a highly viable solution to the grid’s "reliability gap." By acquiring 5.5 GW of dispatchable gas assets via a $4.7B Cogentrix deal, VST has secured its spot in constrained...

Enverus Press Release - Price forecast downgraded in latest Fundamental Edge report
Minerals
ByTemi Oyetayo

Learn how mineral valuation empowers smarter decisions. Understand key factors like pricing, production, geology & operator health before selling your minerals.

midstream-octg-thumbnail
Energy Transition
ByCarson Kearl, Enverus Intelligence® Research (EIR) Contributor

Aerospace-energy crossover Boom Technology, Inc. (trade name Boom Supersonic) is making waves beyond aviation with a recent deal to supply 29 Superpower 42 MW natural gas turbines, derived from its Symphony supersonic jet engine, to Crusoe. The AI infrastructure provider...

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Ready to Get Started?

Ready to Subscribe?

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert