“This deal was justified on three key merits: it meets our rigorous cost of supply framework, we see a way to drive efficiencies from the assets, and the transaction makes our 10-year plan better,” said Ryan Lance, chairman and CEO of ConocoPhillips. “We believe the addition of these high-quality assets improves our underlying business drivers, expands our cash from operations, enhances our ability to deliver higher returns on and of capital, and lowers our average GHG intensity.”
Columbia Gas unveils renewable natural gas fleet vehicle
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
