#United States #Waterloo #Pure Oil & Gas #Last Mile Production #Southern ITS Intl

Transforming Energy: The Partnership of Pure Oil & Gas and Last Mile Production

In a significant move toward enhancing sustainable energy practices, Pure Oil & Gas has announced its collaboration with Last Mile Production, LLC, which operates under the umbrella of Southern ITS International, Inc. This partnership aims to revolutionize energy production by incorporating cutting-edge technology and environmental accountability.

The Collaboration Details

Pure Oil & Gas, based in Waterloo, Iowa, has engaged Last Mile Production to conduct a comprehensive operational audit of its well locations. This initiative is part of a larger strategy to modernize production practices and explore the potential for tokenizing gas and carbon assets, thereby aligning with contemporary sustainability goals.

This partnership showcases a commitment to responsible energy production through Last Mile's innovative platforms, including the LMCX Carbon Avoidance Token (CAT) ecosystem. By utilizing these resources, Pure Oil & Gas intends to develop a transparent framework that emphasizes the quantification, mitigation, and monetization of methane and gas outputs from their operations.

A Vision for Sustainable Energy

Gil Irey, the CEO of Pure Oil & Gas, expressed enthusiasm about their alliance with Last Mile. He stated, "Our partnership with Last Mile reinforces our focus on operational integrity and environmental responsibility. By employing advanced technologies and tokenization platforms, we are positioning our assets and investors to thrive in the evolving landscape of energy markets."

The innovative LMCX CAT Token represents a new class of climate asset designed to offer measurable and insured methane reduction credits that conform with institutional finance standards. Unlike conventional carbon credits, each CAT token is backed by a verified methane containment event, recorded on a blockchain for complete transparency.

Key Initiatives Under the Partnership

Through this collaboration, both companies are set to embark on several key initiatives:

• - Auditing Operations: They will audit and measure lost or vented gas and methane outputs across the Pure Oil & Gas portfolio.
• - Data Validation: Establishing verifiable and third-party-validated data will enhance accurate environmental and operational reporting.
• - Exploring Tokenization: The partnership will investigate tokenization opportunities for verified gas assets within the Last Mile ecosystem.

This initiative is an integral part of the broader "Greening the Oil Field" strategy, aimed at marrying responsible energy practices with innovative financial technologies, thus unlocking new value streams while promoting environmental stewardship.

A Pioneering Move in Energy Production

Zach Wagner, CEO of Last Mile, highlighted that Pure Oil & Gas is setting a new standard for traditional energy companies. He stated, "Together, we are bridging the gap between field operations and the future of carbon and energy markets. This collaboration is a testament to how companies can integrate sustainability with financial advancement."

About Pure Oil & Gas and Last Mile Production

Pure Oil & Gas operates within the oil and gas division of Southern ITS International, Inc. and concentrates on efficient, responsible energy production strategies that integrate sustainability and transparency for investors. Conversely, Last Mile Production focuses on climate finance and digital infrastructure, innovating the global carbon market through the LMCX CAT.

In a rapidly evolving energy landscape, such partnerships signify a promising shift toward a more sustainable and technologically advanced future in the energy sector.

Conclusion

As Pure Oil & Gas and Last Mile Production join forces, they exemplify the future direction of energy production—one that harmonizes profitability with environmental integrity. Their strategic initiatives not only enhance operational efficiency but also foster a culture of accountability and innovation within the energy sector, paving the way for others to follow suit in this essential transformation.