Whitepaper: Benefits and Use Cases for Waste Data

We Provide Risk Information to Navigate the Energy Transition

The oil and gas industry faces large environmental liabilities and asset retirement obligations such as plugging and abandonment, environmental remediation, site reclamation, and long-term management of wastes and byproducts. These liabilities stem from climate risks, carbon risks, and risks to biodiversity and can impact a company’s financial standing and going concerns - a concept known as “double materiality.” As we transition towards different forms of energy and away from fossil fuels, risks, liabilities, and time horizons for this realization will change rapidly, creating the need for reliable, high-resolution environmental and financial data and analytics.

PUT EARTH SCIENCE INTO YOUR ESG DATA

Waste Data & Ratings
Gain insight into companies’ environmental practices and waste-related risks.
Analytics
Learn what effect a decision today will have on future costs and liabilities.
Subject Matter Expertise
Ensure quality environmental data by sourcing it from qualified environmental subject matter experts.
ARO Estimating
Quickly and accurately estimate decommissioning liabilities and asset retirement obligations for oil and gas assets.
“Today our concern is about climate risk; tomorrow it will be about biodiversity and everything that is beyond carbon.”
Andrew Mitchell
Taskforce on Nature-Related Financial Disclosures
Environmental Data and Analytics

Waste Analytics derives and structures oil and gas waste data into a high-resolution, useable, and useful format. Datasets include quantity of waste generated by company, waste type, geographic region, waste-management method, and time period. Visit wastedatashop.com to learn more!

ESG and Environmental Ratings

Utilizing our subject matter expertise, Waste Analytics takes our high-resolution waste data and estimates the environmental liability of companies based on their operational processes and procedures. We then rate the companies, using both financial and environmental metrics. Estimated liabilities and ratings are available at our datashop at wastedatashop.com.

Subject Matter Expertise and Engineering Analyses

Waste Analytics employs subject matter experts in various applicable fields to bring together the knowledge base necessary to provide risk information for the energy transition. Our employees are experts in oil and gas wastes, environmental science and engineering, petroleum engineering, cost accounting, and sustainability accounting. Our experts have been involved in organizations such as SPE, SASB, GRI, and ITRC.

Sustainability Accounting and Auditing

We have the knowledge and understanding of the oil and gas sector to ensure that asset retirement and environmental obligations are accurately and correctly reported. We remain up-to-date with reporting organizations and standards such as SASB, GRI, and IPIECA and can provide insight into what companies are reporting and what that means from an asset manager or asse owner’s perspective.

Actuarial Advisor—Surface Remediation and Reclamation

Every well and well site is unique, and the costs associated with decommissioning those sites will vary. We take large amounts of publicly available and unstructured data regarding these sites, clean and analyze that data, and use subject matter expertise and industry knowledge to estimate the decommissioning costs.

Due Diligence—Asset Retirement and Environmental Obligations

Asset retirement and environmental obligations are never boiler plate in practice so they shouldn’t be boiler plate during the planning phase either. Whether considering a merger, acquisition, or divestiture, or simply planning for the future, we can assist in performing your due diligence exercises and provide a high level of confidence in the estimation of future expenses and liabilities.

Third-Party Reviews and Second-Party Opinions

Corporates often do not fully recognize the environmental risks and liabilities of their operations and processes. We provide third-party reviews and second-party opinions as to the materiality and liabilities associated with oil and gas asset retirement and environmental obligations.

Asset Managers
Asset managers are increasingly faced with the task of considering both financial and non-financial metrics in investment strategies. We can help you understand which ESG issues are financially material, and to what degree, for the companies you’re analyzing.
Asset Owners
As an asset owner, you’re often concerned with how the companies you own are affecting the world around them. You need data and analytics that helps you measure material impacts from companies you are invested in, and we provide you with an ability to engage them on these topics.
Fixed Income
Bondholders are becoming more concerned about financial risks that are not typically included in traditional credit ratings. Understanding and quantifying these material risks and off-balance-sheet liabilities can provide valuable insight into the long-term credit risks and tail risks of an organization. By using our information, you can properly assess the liabilities incurred by oil and gas companies.
Auditors
Financial auditing has been around for a long time, but when it comes to environmental and climate related data and reporting, there is little in the way of ensuring companies are reporting accurately and correctly. Our team has the knowledge and understanding of the oil and gas sector to ensure that asset retirement and environmental obligations are properly reported.
Underwriters
Predicting future risks is fundamental to insurers. Once the risks are known, pricing the insurance products can be achieved through the use of data, statistics, and experience. It is also critical for underwriters to gather information and data about new topics. Our products and team provide the data and knowledge necessary to assist in offering and pricing insurance products for upstream oil and gas.
Corporates
The energy sector is rapidly changing in terms of what shareholders and regulators expect regarding financial and non-financial performance and reporting. Companies that wish to access capital will need to demonstrate long-term viability in terms of asset retirement and environmental obligations, as well as accurately report risks on climate and biodiversity. Our data, knowledge, and experience can help.
“The person who turns over the most rocks wins the game.”
Peter Lynch

We gather, analyze, and produce high-resolution, actionable data on wastes generated by oil and gas companies. We do this through detailed research using our subject matter expertise and knowledge of federal, state, and local regulations, and our proprietary and consistent data collection methodology. We then apply our operational expertise and technical experience to perform remedy selection, cost estimation, and risk assessments in order to estimate the liability associated with waste practices. We developed our proprietary FEER Rating™ system in order to rate companies based on financial and environmental metrics associated with their waste management practices. We also provide analytical services for insight into companies' asset retirement obligations, environmental loss contingencies, off-balance-sheet liabilities, and other environmental and ESG related financial risks.

Volume and Management Data
High-resolution waste data consisting of the volume of drilling waste generated, reported by company, time period (quarterly), state, waste type, and management method.
Estimated Environmental Liability (EEL)
Estimated environmental liability in U.S. dollars, reported by company and calendar quarter. Includes data for number of wells drilled and surface acres impacted.
FEER RATING™
Financial and environmental rating reported by company and calendar year. Includes total waste volume reported by company and disposal method.

Waste Analytics is an alternative data and analytics firm focused on providing high-resolution, high-quality data and risk information to the financial sector. Using our extensive environmental and financial expertise, we identify material environmental factors for each company and review their current and past operations and practices in order to identify key risks and estimate their asset retirement and environmental liabilities. Our proprietary data collection methodology captures relevant environmental information and structures it into useful data. We maintain relationships with appropriate technical experts and regulatory agencies, and take an academic approach to materiality assessment which is based on our deep understanding of the U.S. oil and gas waste and environmental regulatory framework.

J. Blake Scott
President

Blake has been a leader in the oil and gas sector for more than 25 years. As founder and president of Scott Environmental Services and Scott Energy Technologies, Blake pioneered groundbreaking research and development in the drilling-waste recycling industry. Blake has received multiple awards and recognitions for his work and has presented to organizations such as the IOGCC, has served on the ITRC’s Solidification/Stabilization Team, and was an expert for GRI’s Oil and Gas Sector Standard. Blake founded Waste Analytics in 2018 in order to provide data and risk information necessary to navigate the energy transition. Blake has a BA and MBA from Texas Christian University.

Jeff Tyson
Head of Environmental Research and Analytics

A civil and environmental engineer by trade, Jeff is an expert in wastes and waste management for the oil and gas industry. Prior to joining Waste Analytics, Jeff was the Process Controls Engineer and Corporate Sales Executive for Scott Energy Technologies, a firm specializing in managing and recycling drilling wastes. He has presented at many oil and gas environmental conferences, was a member of the ITRC’s TPH Risk Team, and is currently serving on ITRC’s Environmental Data Management Best Practices Team. Jeff has a BS in Engineering from McNeese State University and is a registered Professional Engineer in Texas.

Victoria Caylor
Head of Financial Research and Analytics

Victoria holds a Master’s of Professional Accountancy and a Bachelor’s of Business Administration from Stephen F. Austin State University. She specializes in cost accounting and advanced financial analysis and has a passion for lean operations and efficiencies. She is an FSA credential holder (issued by the Sustainability Accounting Standards Board) and has been involved with SASB as an industry expert. Victoria has assisted the oil and gas sector to understand the liabilities associated with their waste practices and what it means both financially and environmentally, and has been published multiple times in E&P Magazine.

Learn More About Waste Analytics