NexTier Oilfield Solutions
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:56,468 tCO2e (Jan 1 - Sept 30, 2021)
ESG Focus Areas
- Low cost, low emissions strategy
- Human Rights
- Community engagement
- Governance
Environmental Achievements
- Displaced 16,745,436 gallons of diesel, reducing CO2e emissions by 56,468 tons and equivalent car miles by 141,749,345 (Jan 1 - Sept 30, 2021)
- Acquisition of Alamo Pressure Pumping, expanding dual-fuel fleets
- Launched Power Solutions, a natural gas fueling business, resulting in a 44% increase in diesel displacement and emissions reduction (Jan 1 - Sept 30, 2021)
Social Achievements
- Adopted a Human Rights Policy based on UN Guiding Principles and Universal Declaration of Human Rights
- Provided focused leadership training to front-line supervisors and managers
- Supported community initiatives such as blood drives, Houston Food Bank, and Blue Santa program
Governance Achievements
- Expanded the Board of Directors to 10 members, appointing Bernardo Rodriguez with expertise in digital transformation and AI
Climate Goals & Targets
Environmental Challenges
- Industry recovery from a historic downturn
- Meeting rapid demand shifts
- Impact of pipeline capacity constraints and adverse weather
Mitigation Strategies
- Strategic acquisitions (Alamo Pressure Pumping)
- Investment in emissions-reducing equipment and technologies (88% of non-maintenance capital expenditures as of Sept 30, 2021)
- Development of Power Solutions for natural gas fueling
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct (addressing labor and human rights, health and safety, integrity and compliance)
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and services
Sustainable Products & Innovation
- Dual-fuel hydraulic fracturing fleets
- Electric frac system