Summary

• Industry struggles with operator selection and training
• Well paid professional blue collar jobs cannot be filled without additional training expense.
• Inexperience Operators can lead to more human errors
• ERM / HSE training and compliance proving to be more expensive

(more…)

ERM Considerations:

• “We believe the shale gas revolution is a game-changer for energy intensive industries and the entire manufacturing sector”
• “Low natural gas prices are spurring new manufacturing investment and creating jobs.”
• “Shale gas and energy have changed the whole manufacturing dynamic”

(more…)

ERM Considerations:

• Consolidation in Midstream sector change risk appetite of acquirers
• Larger Strategics value sophisticated risk management programs
• Increased risk due diligence by larger buyers
• D&O claims with exit transactions from public shareholders

(more…)

ERM Considerations:

• Internal controls
• Risk communication
• Regulatory impacts
• Reputation impacts
• Administrative Cost Drag
• Minimal if any Insurance Coverage (D&O)

(more…)