Charter Energy


NEWS + RESOURCES

Charter takes its position as an industry leader seriously. Our team strives to be the most up-to-date on all issues affecting our industry. We use a variety of sources to discover information that helps us better serve our clients. We also discuss and strategize around this new data, leading to proprietary white papers and risk advisory resources for our clients.

Contact Charter for more information about our resources available to you.

ERM WIRE
TAGS

Debunking Environment Texas’ Flimsy Anti-Fracking UT Lands Report

ERM Considerations:
  • Executive Summary of Report: “Fracking should not occur anywhere”
  • University Lands have more stringent O&G regs than non
  • Water used on lands = 0.1% of state’s annual use
  • Water recycling increased 15x between 2011-12
  • Commission records do not indicate a single documented water contamination case associated with the process of hydraulic fracturing in Texas
  • Decade of O&G Emissions compared to 1 year of vehicle
  • Earthquakes?
Read More >

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TAGS

Insurer not liable in case settled without its consent

ERM Considerations:
  • The GA Supreme Court ruled that XL was not obligated to contribute to a settlement that they did not consent to
  • This is out of line with most similar cases because the burden is on the insurer to show it was prejudiced by the lack of consent
  •  This case will have a big impact on GA suits where consent is an issue but should not be a big deal outside of Ty Cobb’s home state
An insurer is not liable for a bad faith claim in a case where, contrary to policy language, an insured settled without the insurer’s consent, says the Georgia Supreme Court, in a case involving an XL Reinsurance America Inc.… Read More >

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TAGS

Match Game: Companies Push Training to Close Skills Gap

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
Read More >

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TAGS

Flood Of Shale Gas Spilling Into Communities Across America

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”
Read More >

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TAGS

Midstream Carries The A&D Load In Shale Deals

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
Read More >

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TAGS

Chesapeake to Pay $25 Million to Settle Michigan Charges

ERM Considerations:
  • Internal controls
  • Risk communication
  • Regulatory impacts
  • Reputation impacts
  • Administrative Cost Drag
  • Minimal if any Insurance Coverage (D&O)
Read More >

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TAGS

Injuries reported in blast at Wyoming tank owned by Houston company

Onsite safety management, contractor monitoring and contractual risk control will all be key focus points related to this loss. From the article: Authorities say an explosion at a gas storage tank in awestern Wyoming gas field has caused an unknown number of injuries.… Read More >

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TAGS

Legacy pipeline infrastructure poses third party and environmental risks.

SCADA, remote monitoring and boots on the ground assessments will assist in mitigating these issues.… Read More >

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Crude by Rail

Differing POVs, different risk philosophies driving regulatory and operator responses to associated real/perceived risks. From the article: Oil producers in North Dakota are objecting to any new state regulations that would require them to reduce the volatility of crude before it’s loaded onto rail cars.… Read More >

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INDUSTRY ARTICLES
TAGS

Shale-Oil Producers Ready to Raise Output

WSJ Full Article After slashing the number of drilling rigs for months, U.S. shale-oil companies say they are ready to bring rigs back into service, setting up the first big test of their ability to quickly react to rising crude prices.… Read More >

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TAGS

USGS Report: No Significant Water Quality Impacts in West Virginia Shale Gas Field

A      new study of water quality in a West Virginia Marcellus shale gas field shows “no significant difference was found in comparison of groundwater survey data and historical data.” In other words, there were no water quality impacts due to hydraulic fracturing.… Read More >

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TAGS

Crude train derailment prompts evacuation of North Dakota town

BISMARCK, N.D. — An oil train derailed and caught fire early Wednesday in a rural area of central North Dakota, prompting the evacuation of a nearby town where about three dozen people live.… Read More >

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TAGS

Pennsylvania natural gas leaks among worst in nation

Onsite safety management, contractor monitoring and contractual risk control will all be key focus points related to this loss.… Read More >

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