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New Partnership Provides Energy Markets with Unprecedented Frack-Free Natural Gas

GP Energy Management and Carbon Creek Energy are proud to announce a first-of-its kind sale in commodities markets that represents a paradigm shift in the energy industry—Frack-Free Natural Gas Certificates. Carbon Creek has entered into a contract with East Coast Power & Gas, a regional energy services company, to deliver a groundbreaking product in a multi-year deal.

GP Energy Management and Carbon Creek Energy are proud to announce a first-of-its kind sale in commodities markets that represents a paradigm shift in the energy industry—Frack-Free Natural Gas Certificates. Carbon Creek has entered into a contract with East Coast Power & Gas, a regional energy services company, to deliver a groundbreaking product in a multi-year deal.

Carbon Creek’s production is TrustWell™ Rated by Independent Energy Standards Corporation (IES), indicating that the production operations have met a very high standard of environmental responsibility. In its TrustWell Rating process, IES also independently verified that the natural gas is produced without high-pressure hydraulic fracturing. As a result, Carbon Creek has created Frack-Free Natural Gas Certificates, enabling credible differentiation of their natural gas.

To ensure data and market integrity, Carbon Creek has partnered with Xpansiv to harness and transform its production data into Digital FeedstockTM, a standardized digital format that combines data science, cryptography, and distributed-ledger technologies to securely track and transfer vital source data. Going forward, this partnership will enable certified natural gas production data to be bought, sold, and transferred—bundled or unbundled from the physical commodity—in a transparent, interconnected data ecosystem.

“Carbon Creek’s low-pressure, frack-free production reduces impact and preserves fresh water,” said Alan Brown, Carbon Creek CEO. “We’ve received numerous inquiries from customers interested in our specific production profile, but until now, it’s been difficult to differentiate our product in the market. With the help of our partners, we are now able to work with new market buyers like East Coast Power & Gas, enabling them to provide their customers with a product they’ve been clamoring for—a cleaner gas alternative. It’s a game changer for us.”

Xpansiv’s digital commodity platform enables the natural gas industry to provide an environmentally superior gas product, which before now only existed in the form of renewable energy credits (RECs) for the power industry.

Vincent Palmieri, Chief Operating Officer of East Coast Power & Gas said, “We are excited by the opportunity to partner with Carbon Creek and be the first to market the first of its kind, Frack-Free Natural Gas! The ability to produce, track and certify an environmentally conscious natural gas product is not only innovative but revolutionary. The market has been calling for someone to step up and bridge the gap for a viable and ecologically friendly natural gas product. Carbon Creek has clearly answered the bell. The fact that they partnered with Xpansiv is the icing on the cake. Cutting edge technology to certify a groundbreaking product, made my decision an easy one.”

GP Energy Management and Carbon Creek look forward to working with many new counterparties in the coming months.

To learn more, read the full press release here: Partnership Between Carbon Creek and Xpansiv Provides Energy Markets with Unprecedented Frack-Free Natural Gas 

For more information, contact:
Tara Goode
Public Relations and Communications Manager
Office: +1 (859) 473-4433
tgoode@genscape.com