Rockcliff Energy Achieves Independently Certified RSG Performance Milestone, Targets Domestic and Export Markets

May 24, 2022 10:00 AM Eastern Daylight Time HOUSTON & DENVER--(BUSINESS WIRE)--Rockcliff Energy (Rockcliff), a Quantum Energy Partners-backed exploration and production company operating in the East Texas Haynesville Shale play, has made the commitment to undergo Project Canary's TrustWell™ environmental certification on all of the natural gas produced from Rockcliff completed Haynesville Shale wells. Rockcliff's Haynesville Shale wells represent more than 95 percent of its total production. Thus far, 143 wells have been assessed and certified by TrustWell™, and the current remaining Rockcliff Haynesville Shale wells will be assessed by the end of June 2022.

Rockcliff initiated the TrustWell™ assessment and certification process with SaaS-based ESG data analytics firm Project Canary in late 2021, measuring the company's operations against the highest environmental and social standards related to air, land, water, and community practices. By the end of June 2022, nearly all Rockcliff's natural gas production will be independently certified as responsibly sourced gas (RSG), a distinct classification of natural gas produced under the highest environmental and operational standards as assessed by Project Canary. The company has also deployed 171 Canary X advanced continuous emissions monitors at well sites to precisely detect, monitor, and mitigate methane emissions in real-time.

Strategically located along the Gulf Coast, Rockcliff will soon deliver approximately 1.3 billion cubic feet (bcf) per day of independently certified RSG to domestic and international gas buyers.

Localized, actual versus estimated emissions reporting, and pad-level certification standards are quickly becoming industry best practices. Domestic utility buyers and LNG operators are recognizing the value of RSG validated with high-fidelity data. RSG is a major market opportunity for upstream, midstream, and downstream companies as it has gained further prominence and higher desirability within the market. Given geopolitical circumstances, and as the EU looks for strategic LNG supply sources, advanced environmental assessments, and pad-level emissions monitoring to independently certify RSG at the highest standards is a significant differentiator. The market is demanding responsible, low emission production in addition to low emission gathering, processing, and transmission. The RSG market has arrived, and site-level monitoring will continue to build confidence in emissions disclosures.

'Our independent analysis confirms Rockcliff's commitment to ESG leadership,' Project Canary co-founder and CEO Chris Romer said. 'Buyers consistently seek independent, verified emissions data, and our well-by-well environmental assessments accurately monitor and quantify environmental and operations performance.'

'Our sector has embarked on the ESG 2.0 era,' Alan Smith, CEO of Rockcliff Energy, said. 'As new regulations and reporting standards demand more credible disclosures, Rockcliff desires to focus on our strategic direction as well as near-term action. Our reliance on asset-level independent RSG Certification from TrustWell™ positions us at the forefront of what's next.'

ABOUT ROCKCLIFF ENERGY

Rockcliff is a top-tier energy company helping to fuel the U.S. and global economy with clean-burning natural gas. A leading Haynesville Shale producer, Rockcliff owns more than 270,000 net acres in East Texas and produces approximately 1.4 bcf gross of natural gas per day. Given our strategic location to the Gulf Coast markets, large and highly economic Haynesville core acreage position, and industry-leading operating margins, Rockcliff is well-positioned as a leader in the natural gas industry. And importantly, we operate in an environmentally, regulatory, and socially responsible manner. Learn more at www.rockcliffenergy.com.

ABOUT PROJECT CANARY

Project Canary is a SaaS-based data analytics company focused on accurate corporate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies' laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary's Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions. www.projectcanary.com