Page 15 - NorthAmOil Week 20 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

CME Group to launch micro Matador Resources and continuing our strong safety record.
MATADOR RESOURCES, May 17, 2021
WTI futures on July 12 publishes inaugural SASB-

CME Group, the world’s leading and most aligned ESG metrics Greenlane renewables
diverse derivatives marketplace, today signs CAD9.8mn landfill
announced it will expand its suite of micro- Matador Resources today published metrics
sized futures contracts with the introduction aligned with standards developed by the gas-to-RNG contract
of Micro WTI futures. The contracts are Sustainability Accounting Standards Board
expected to launch on July 12, pending (SASB). Matador is committed to creating Greenlane Renewables is pleased to announce
regulatory review. long-term value in a responsible manner and that its wholly owned subsidiary, Greenlane
Micro WTI futures will be one-tenth the aligning its ongoing environmental, social Biogas North America, has signed a contract
size of the company’s global benchmark WTI and governance (“ESG”) reporting with SASB. valued at approximately CAD9.8mn
Crude Oil futures contract and cash-settled. The publication of these metrics represents ($8.1mn) for supply of equipment for a new
They will enable market participants – from the next step in Matador’s continued efforts to renewable natural gas (RNG) project in the
institutions to sophisticated, active, individual highlight its commitment to ESG excellence. Midwest United States. This project will
traders – to fine-tune exposure to crude oil Matador’s SASB metrics are available on the utilize Greenlane’s pressure swing adsorption
markets and enhance their trading strategies Company’s website at www.matadorresources. (PSA) biogas upgrading system. Engineering
in an efficient, cost-effective way. com/sustainability, and Matador expects to work will begin immediately with a notice
“As US crude continues to gain global disclose additional metrics as they become to proceed from the customer on equipment
significance, we are seeing increasing demand available later in the year. supply expected in the third quarter of 2021.
for tools that help a broader range of clients Joseph Wm. Foran, Matador’s Chairman The contract is for a large landfill gas-
access these markets,” said Peter Keavey, and CEO, commented, “At Matador, good to-RNG project. Greenlane will supply its
global head of energy products at CME stewardship has always been a guiding two-stage PSA system to upgrade the landfill
Group. focus. Over the years, we have consistently gas to pipeline-specification RNG for direct
“WTI futures have always been a top highlighted our ESG achievements and now injection into the local natural gas grid.
product for active traders around the world, are pleased to align these disclosures with “This is an important contract win for
and the smaller size of Micro WTI futures will an emerging industry standard. We hope Greenlane, highlighting our expertise,
offer more flexibility and greater precision this change helps to raise the profile of our experience and proven track record in
to market users – all while enabling them to ongoing ESG efforts and provide interested landfill gas-to-RNG projects,” said Brad
benefit from the transparency and liquidity of parties a standardised version of Matador’s Douville, President & CEO of Greenlane.
the world’s most robust crude oil contract.” ESG efforts. We look forward to continuing to “Our sales backlog continues to expand as we
CME GROUP, May 17, 2021 explore ways to provide our stakeholders with successfully convert sales opportunities into
clear, comparable ESG information.” revenue-generating projects and is indicative
In 2020, Matador grew gross operated oil of the health and strong growth trajectory of
ENERGY TRANSITION production by 13% and gross operated natural the RNG industry.”
gas production by 19%, as compared to 2019, GREENLANE RENEWABLES, May 18, 2021
while still reducing our environmental impact

Week 20 20•May•2021 www. NEWSBASE .com P15