Perhaps the most important way a company like ours can have a significant positive environmental difference is to take the extra steps—and invest the extra money—needed to capture natural gas that is produced along with oil so that the gas is neither vented nor flared.
Several years ago, we recognized an imbalance in the amount of gas that we projected to be produced in the Williston Basin and available infrastructure, so we invested in and materially expanded the gas capture and processing capacity of our midstream business – Oasis Midstream Partners – that captures and processes gas that would otherwise be vented or flared. This has been a significant effort on our part and it has produced significant results: our investment of over $550 million in this infrastructure has enabled us to capture roughly 10% more gas than average for North Dakota operators.
Oasis is also committed to minimizing the environmental impact of our operations. We have policies and systems designed to reduce use of water and energy, cut emissions and manage waste, and protect the natural environments in which we work. Environmental programs are designed to meet, at a minimum, all local, state and federal environmental regulations.
We have developed and implemented a comprehensive environmental management system which is designed to achieve 100% coverage of operated assets. As part of that management system, we have established environmental measurement and monitoring programs that support efforts to reduce emissions, waste and water use.
We maintain a 24/7 control room which monitors and responds to environmental incidents. A public hotline connects directly to the control room. Crisis management and emergency response plans are maintained for all basins and critical employees are Incident Command System trained. The public hotline number is 866-839-1233.
Environmental management systems and incident response programs helped Oasis to achieve a 44% reduction in the number of spills from 2017 to 2018, with 99% of spills staying within containment on location.
Oasis engages directly with local stakeholders with a goal of meeting their environmental expectations. We routinely meet with neighbors in our community, local and state regulators, first responders and industry partners about environmental matters; and these meetings occur in connection with our day to day operations, not only in relation to an incident or event.
At the foundation of what we believe as a company is our desire to do the right thing.