Buy-Side Environmental Due Diligence

What is Buy-Side Environmental Diligence?

While your M&A team conducts the commercial, geological, and operational risk assessment of the assets, Bright Sky works alongside the legal team to determine if the assets have material environmental risks that would prohibit the deal from moving forward or significantly affect the value of the assets. We review publicly and privately-provided information on spills, air permits, regulatory permits and orders, water permits, waste registrations and management programs, pollution events, and facility design and operation.

The goals of this diligence are:

1. Identify any environmental fatal flaws that would prohibit the deal from moving forward.

2. Quantify the cost of the immediate environmental burden to support your negotiations.

3. Quantify your long-term environmental compliance risks so that you can adequately plan your operating budget.

Contact us Today

These deals move quickly. Contact us today for a fast response from our team.

Our Experience

Our nimble team brings 100+ years of environmental experience to your M&A team. Our staff has career experience in consulting, oilfield EHS, regulatory agencies, academic, and asset development. We've seen a lot of oilfield sites and know what questions to ask during the review period to get to the heart of the environmental risks of the acquisitions.

Our Strategy

As a small company, we bring project flexibility and creative thinking to the team. We have conducted environmental diligence reviews in as little as three days and can mobilize quickly to review publicly available and data-room-specific information. We offer desktop and boots-on-the-ground assessments, depending on your specific timeframe, budget, and geography. We specialize in Texas oil and gas and can physically reach those assets without a trip to the airport.

Specific Services

* Public State and Federal Environmental Permits and Data Review

* Data Room Review

* Fatal Flaw Reports

* Environmental Risk Valuation

* Onsite Investigation & Records Review

* Interviews with Landowners, Operators, Field Supervisors, and EHS Personnel

* ASTM Phase I Environmental Site Assessments

* Control technology review (i.e. flares/combustors)

Don't Forget the Transition

Did you know that you typically need a wet-ink signature from the current responsible official to sign over air permits and regulatory operating permits? If you're in a fast-paced situation with a high likelihood of a dissolved management team, you must be prepared to get those signatures at the signing table. Bright Sky will prepare that paperwork and can support transitioning permits to you as the new operator after the deal closes.

Don't have time to conduct a pre-acquisition environmental due diligence? We can do a post-close environmental review or support an environmental audit privilege act project.