Shareholder advocacy group As You Sow and investment advisory firm Boston Common Asset Management released today Disclosing the Facts 2019: Transparency and Risk in Water & Chemicals Management for Hydraulic Fracturing Operations. This report is the next installment in a series of scorecard reports designed to promote improved disclosure and corporate responsibility in the oil and gas sector.
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The report’s authors reviewed the 30 largest publicly traded producers of oil and gas in North America in an effort to identify those companies using and disclosing current best management practices. Key findings include:
Top scoring companies included: Southwestern Energy (NYSE: SWN), Apache (NYSE: APA), Anadarko (NYSE: APC), and Range Resources (NYSE: RRC)
Bottom scoring companies included: Gulfport Energy (NYSE: GPOR), Continental Resources (NYSE: CLR), Total (NYSE: TOT), and EOG Resources (NYSE: EOG)
Areas most disclosed by companies include: information on “near misses” or close calls; practices for maintaining well integrity; and percentages of water recycled in each operating area/region.
Companies most often failed to disclose information on: reductions in chemical toxicity and pre- and post-drilling water quality monitoring practices.