Wild West Due Diligence
Latitudes Environmental Performed An Environmental Due Diligence Investigation For An Acquisition Package Of 166 Oil Wells, Along With Their Associated Production Facilities Located In West Texas And New Mexico.
"MY FORMULA FOR SUCCESS?"..."RISE EARLY. WORK LATE. STRIKE OIL."
J.Paul Getty (1892-1976)
This work involved a comprehensive records review and site visits to all facilities to identify conditions which may represent environmental risk. Standards of ‘good industry practice’ in exploration and production operations were also considered.
Specifically, we developed a standard checklist to document and photograph site conditions: well pad and tree, pumps, separators, storage tanks and piping. Special attention was paid to:
pollution prevention and waste management practices
secondary containment systems
emissions and discharge control systems, and
general equipment condition.
We interviewed key operations personnel regarding management practices, wellsite history, past incidents, and use of chemicals at the location.
