Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG intensity rate by 22.2% since 2016
• Reduced methane intensity rate by 27.0% since 2016
• Increased gas capture to 96.2% in 2019
• Decreased water intensity rate by approximately 30% since 2017
• Recycled approximately 12.7 million barrels of water in 2019

Social Achievements

• Donated $3.5 million to communities in 2019
• Employees raised more than $350,000 for community charities in 2019
• Employees volunteered hundreds of hours in 2019
• Implemented Brother’s Keeper initiative to improve safety reporting and performance

Governance Achievements

• Maintained a robust compliance program with quarterly and biannual training
• Implemented a robust Whistleblower Policy and third-party ethics hotline
• Utilized internal and external auditors to review internal controls

Climate Goals & Targets

Environmental Challenges

• Potential impacts of changes in carbon-related policy initiatives, growth in alternative energy sources, or a potential transition to a “lower-carbon economy” on demand and pricing for hydrocarbons

Mitigation Strategies

• Consistently review, evaluate, and factor the potential impact of future regulatory and external market changes on our long-term business outlook and strategy
• Utilize and review data from internal and external sources to examine potential supply and demand scenarios

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Changes in carbon-related policy initiatives
• Growth in alternative energy sources
• Transition to a lower-carbon economy

Reporting Standards

Frameworks Used: IPIECA, API, and IOGP Sustainability reporting guidance, Global Reporting Initiative Sustainability Reporting Standards, Sustainability Accounting Standards Board (SASB) Standard for Oil and Gas, Exploration and Production, Task Force on Climate-Related Financial Disclosures (TCFD)

Awards & Recognition

• Best Oil & Gas Exploration & Production Company (Journal Record)
• Top 10 Best-In-State Employers (Forbes)
• Best Energy Company and Best CEO (Oklahoma Magazine)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Health, Safety & Environment (HSE)
• Workforce Health & Safety
• Corporate Governance
• Diversity, Equity and Inclusion
• Societal Impact

Environmental Achievements

• Reduced GHG emissions intensity by 28% from 2019
• Reduced methane emissions intensity by 34% from 2019
• Improved companywide, volumetric gas capture percentage to 98.3%, up from 96.2% in 2019
• Reduced TIG intensity by 55% over 2019
• Decreased water intensity by 27.6% year-over-year from 2019
• Reduced the number of reportable or offsite spills by approximately 47.5% over 2019

Social Achievements

• Formalized and built upon diversity and inclusion programs
• Safely and effectively deployed a COVID-19 program and protocols
• Company charitable giving of $1.3 million
• Employee giving of $601,885
• Over 10,000 meals provided through volunteer work
• Awarded 51 STEM and reading grants in schools across 4 states

Governance Achievements

• Enhanced and formalized Board oversight of ESG issues with updates to the charter of the Nominating and Corporate Governance Committee (renamed Nominating, Environmental, Social and Governance Committee)
• Implemented a long-term initiative for enhancing awareness of, and improving our approach to, building and sustaining a diverse and inclusive culture
• Engaged external training resources for the entire workforce, including interview training for hiring managers

Climate Goals & Targets

Environmental Challenges

• Extreme business, market, and social instability due to the COVID-19 pandemic
• Industry downturn impacting philanthropic efforts

Mitigation Strategies

• Implemented a COVID-19 Workplace Safety Program
• Continued philanthropic efforts despite industry downturn
• Offered free in-office testing for employees and family members
• Provided flexible work schedules for impacted employees
• Utilized dedicated contact tracing personnel
• Held in-office vaccination clinics

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IPIECA, API, and IOGP guidance, Global Reporting Initiative Sustainability Reporting Standards, Sustainability Accounting Standards Board (SASB) industry standard, United Nations Sustainable Development Goals