Williams ( NYSE: WMB ) and PennEnergy Resources said Monday they entered an agreement to support the marketing and delivery of certified, low emissions natural gas to utilities, liquefied natural gas export facilities and other clean energy users.
The deal includes an independent, third-party certification process that verifies best practices in minimizing emissions and producing natural gas in the most environmentally responsible manner.
The Appalachian-sourced natural gas is derived from PennEnergy's 378 production wells in southwest Pennsylvania that have achieved Project Canary's TrustWell certification.
Williams ( WMB ) boasts a dividend yield greater than 5% that the company "can comfortably afford," The Value Portfolio writes in a bullish analysis published on Seeking Alpha .
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Williams, PennEnergy sign deal to market certified low-emission natural gas