A combination of favorable market factors, including higher and stabilized commodity prices, proven returns on ESG investments and a push to increase production, has created an environment in which shale producers are adopting emissions-reducing technologies at the frac site with greater frequency. That rapid adoption of both greenhouse-gas reduction practices and new technology deployment could lead many companies with stated net-zero goals to achieve those aspirations by the middle of the decade. According to a report issued by Wood Mackenzie, "Most Scope 1 emissions could be addressed by mid-decade, given progress companies have made already. Look for continued capex spend of more than $ 100 million per year for many companies to continue the significant reduction."
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