Gravity Offset More Than Its Estimated Carbon Footprint in FY 2023 to Achieve Carbon Footprint Neutrality
Gravity offset its carbon footprint in Q2 2024, with an estimated net footprint of ~(23,668) metric tons
Due to continued growth in piped volumes, year end 2023 demonstrated the lowest net carbon footprint and should continue through Gravity’s piped water initiatives moving forward
Reducing potentially flared gas and recycled produced water is not included in Gravity's carbon offsets for calculation of net neutrality as our customer is expected to be taking that credit
Focused on reducing emissions and environmental impacts by increasing water pipeline infrastructure and taking trucks off the road
~250 miles of permanent water gathering pipelines
~250k+ treatment capacity
~20,000 gal/day in diesel savings
FLEET POWERED BY WELLHEAD GAS
Investing in natural gas generators powered via wellhead gas to reduce potential flaring
~50% of our power fleet consists of natural gas generators
Grown NG gen fleet by ~30% since 2017
Utilize remote monitoring to keep personnel and vehicles off the road
