Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Maintained TrustWell certifications for all wells.
• Increased in-field renewable power generation from 810kW in 2021 to 840kW in 2022.
• Reduced average time to repair a leak to 0.7 days.
• Maintained 100% recycled water for completions for more than a decade.
• Liquid Gathering System prevented 12 million miles of large truck hauling since 2008.
• Joined the Oil & Gas Methane Partnership 2.0 (OGMP 2.0).

Social Achievements

• Donated $250K+ in charitable donations.
• Supported Energy Outreach Colorado (EOC) in raising $270K+ in fundraising.
• Recorded no motor vehicle incidents with about 5 million miles driven in 2022.
• Expanded wellness offerings for employees.

Governance Achievements

• Maintained a track record of zero security breaches.
• Increased average cybersecurity training completion rates to 87%.

Climate Goals & Targets

Environmental Challenges

• Slight increase in emissions footprint in 2022 compared to 2021 due to improved data collection methods.
• Climate change regulations may lead to higher costs, increased taxes, and uncertainty related to long-term planning.
• Negative public perception regarding role in climate change can impact operations.
• Environmentalist pressure may harm reputation and extend permitting timelines.
• Growing renewable energy may impact natural gas demand.
• Natural disasters can disrupt operations and result in substantial costs.
• Political uncertainty and declining industry support pose risks.

Mitigation Strategies

• Refining data collection techniques for accuracy and persistently working to reduce emissions as assets evolve.
• Incorporating a liquid gathering system to reduce field tanks and spill risks.
• Using multi-casing design with three cemented strings through water-bearing zones in wells.
• Establishing organization-wide sustainability objectives, including the goal of attaining platinum Responsibly Sourced Gas (RSG).
• Constantly overseeing spills, with the goal of minimizing their overall quantities and impact.
• Enhancing field education to reduce human errors through improved training methods.
• Utilizing closed-loop drilling to prevent pit-related fluid leakage into groundwater during field operations.
• Utilizing drones for complete, rapid response and 100% cleanup in unforeseen spills.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Climate change regulations
• Negative public perception
• Environmentalist pressure
• Growing renewable energy
• Political uncertainty

Reporting Standards

Frameworks Used: SASB Exploration and Production standard, GRI, TCFD

Certifications: TrustWell

Awards & Recognition

• Hart Energy’s 2023 Energy ESG Awards
• Esri award for high ESG performance