Published by Todd Bush on May 18, 2023
HOUSTON, May 16, 2023 /PRNewswire/ -- Tachyus announced a contract today with Lime Rock Resources (Lime Rock) for Aurion, its cloud-scalable, comprehensive GHG emissions management platform. Lime Rock's implementation of Aurion will help the oil and gas company establish a GHG baseline, monitor, forecast, and report carbon emissions across all of its assets. This demonstrates Lime Rock's commitment to corporate responsibility initiatives, including further mitigating their carbon footprint across their operations and enhancing their environmental, social and governance disclosures.
"We're thrilled to partner with Lime Rock to assist them in meeting their carbon reduction goals; Aurion will allow them to estimate the impact of their operational decisions on emissions and allow the team at Lime Rock to achieve their emissions goals," said Matt Elbert, CFO of Tachyus.
"We look forward to utilizing the Aurion platform to measure, report and forecast the GHG emissions associated with our operations more accurately. This is expected to assist us in efficiently reducing our emission intensity, and to accurately quantify the reductions that we achieve," said C. Tim Miller, President & COO of Lime Rock Resources.
Aurion addresses the growing need for the oil and gas industry to minimize GHG emissions by helping companies like Lime Rock to streamline GHG accounting, monitoring and forecasting future emissions with robust, tested, and reliable approaches. The platform provides transparency to all calculations making the accounting and reports thoroughly and easily auditable across all assets.
The Houston-based corporation is a leader in oil and gas modeling and optimization software. By combining traditional reservoir physics with machine learning and artificial intelligence, Tachyus provides predictive modeling and optimization products for its clients. In 2021 Tachyus launched Aurion—an end-to-end platform for GHG estimation, reporting, and forecasting—to help companies tie operational decisions to their net-zero goals.
Based in Houston, the Lime Rock Resources team acquires, operates, and improves producing oil and gas properties in the United States. The team has acquired properties in select oil and gas basins nationwide as it seeks to provide its investors with attractive long-term returns. Established in 1998, Lime Rock Management has raised
$9.8 billion in private equity funds for investment in the energy industry through Lime Rock Resources, Lime Rock Partners, and Lime Rock New Energy.
SOURCE Tachyus
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💸 Prometheus Slashes Cost of Carbon Capture by More Than 80%, Unlocking Affordable E-Fuels as a New Source of 24/7 Carbon Neutral Power 🌱 Pinwheel Opens Global Call for High-Impa...
Inside This Issue ⚡ The Energy Source That Could Survive Trump’s Attack on California’s Green Ambitions 🌍 Carbon Business Council Expands European Footprint to Support the Continent’s Carbon Remov...
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Landus Creates New Premium Opportunities with Clean Fuel Regulation Initiative
Farmers can easily enroll their 2025 crop in the program starting in August DES MOINES, Iowa / PRNewswire/ -- Iowa farmers have a new market opportunity for their 2025 soybean crop. Landus is expa...
Pinwheel Opens Global Call for High-Impact Nature-Based Carbon Removal Projects
Pinwheel just launched another application round, hunting for durable and nature-based carbon removal projects that can deliver real impact for major corporate clients. Since launching at COP26 in...
HOUSTON /PRNewswire/ -- HydrogenXT, a leading innovator in zero-carbon fuel-grade blue hydrogen, today announced it has secured a definitive Term Sheet for $900 million in combined debt and equity ...
Northern Endurance Partnership Awards Halliburton Contract for Carbon Capture and Storage Monitoring
HOUSTON — Halliburton (NYSE: HAL) today announced a contract award to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (C...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.