Posted on August 29, 2006.
| RISK MANAGEMENT & ENGINEERING, LTD | JULY 2006 |
A post-drill, restored environment
ENVIRONMENTAL FACTS ABOUT NATURAL GAS AIR Transportation emissions are minimized by the use of pipelines, and air emissions are reduced by hi-tech equipment. LAND The drilling pad site covers an area of approximately 3 acres. When the well is no longer in use, stringent closure requirements must be fulfilled. Sites are often returned to pre-drilling conditions. WATER Produced water and other waste is disposed through in accordance with Federal and State regulations to ensure the protection of ground and surface water. Stormwater is controlled to prevent contact with oily waste. ENERGY Natural gas drilling produces much needed clean energy. |
Risk Management & Engineering, Ltd. (RME) conducted an independent study of PetroMax Operating Company Inc.'s natural gas extraction and its impact on the environment. The complete study, Evaluation of Environmental Impacts Associated with Natural Gas Extraction, is available upon request. RME's complete study details the minimal impact of natural gas extraction upon the environment. The impacts that do occur are short term in nature. The natural gas extraction industry is heavily regulated and must comply with environmental regulations enforced by the Railroad Commission of Texas and the U.S. Environmental Protection Agency. PetroMax fully complies with all regulations. Natural gas extraction has a positive net impact on the environment especially when compared to other investment options like retail development; which uses 3 times more land, pollutes water from runoff, and increases ozone related vehicle emissions. Noise pollution increases over the economic life of a retail facility, and when it is no longer economically productive, the facility often sits vacant and contributes to urban blight. Conversely, natural gas extraction sites are often returned to pre-drilling conditions (See photo). In summary, the independent study by RME confirms that natural gas extraction is an environmentally sound investment option, especially when compared to other common investments. Based on RME's review of the natural gas extraction industry and PetroMax's operations, it is RME's professional opinion that PetroMax takes its environmental stewardship seriously and its operations are conducted in a manner that is protective of the environment.
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