Olympus Energy and Tenaska Marketing Ventures to Market and Deliver Responsibly Sourced Natural Gas

PRNewswire

July 18, 2023

Olympus Energy LLC, ("Olympus Energy") is pleased to announce the execution of an agreement with Tenaska Marketing Ventures (TMV) for the sale of the company's certified responsibly sourced gas (RSG) produced in the Appalachian Basin. This significant, long-term transaction involves the transfer of Digital Natural Gas® certificates through the Xpansiv Registry, which successfully underwent rigorous site level environmental assessments by the Project Canary TrustWell™ program.

"We are excited and proud to partner with TMV on the sale of certified RSG," said Mike Wahl, chief operating officer of Olympus Energy. "Olympus has a long-standing commitment to the safe and responsible development of natural gas, and the Project Canary TrustWell™ environmental assessment process helps highlight the team's ability to drive innovation and minimize environmental impacts. Verifying that the natural gas produced by Olympus meets the latest standards across a robust set of ESG factors, including low methane emissions and water-use efficiency, is part of our continuous commitment to best-in-class operations. Now, by transferring the TrustWell™ environmental attributes through Xpansiv's digital registry, Olympus is also able to increase the transparency, detail, and integrity of our RSG transactions."

Olympus Energy, along with its wholly owned subsidiary Hyperion Midstream, is the first integrated natural gas producer to successfully perform the rigorous TrustWell™ assessments on both its operated upstream and midstream gathering assets with Project Canary. The company has 45 producing wells in southwestern Pennsylvania that have undergone Project Canary's Environmental Assessment (TrustWell™) program.