Wyoming
Top SME’s Combined With Proprietary Technology To Assist With A $1.8 Billion Acquisition
Project Challenges:
A global private investment firm was participating in a competitive bid process pursuing the acquisition of the Jonah Natural Gas field assets located in the Wyoming Green River Basin which consisted of over 1,500 wells and ancillary production operations facilities. The client needed diligence that expressly evaluated potential environmentally-related production constraints including pending Federal & State NEPA/EIS determinations specific to the greater sage grouse habitats and state non-attainment air emissions compliance working environment parameters.
Based on the potential localized constraints, the client requested site inspections for over 400 key sites, including comprehensive environmental due diligence as well as liability assessment. All work had to meet the bid schedule to be completed within 30 days for sale closing.
TRC Solutions:
- Assembled a due diligence team of subject-matter experts (Air/Water/Waste/Remediation/Compliance/NEPA/EIS) to thoroughly evaluate the asset locations and assess the potential risks.
- The TRC field inspection team, consisting of 8 site inspectors equipped with I-pads and proprietary data collection tools, implemented an asset-wide inspection program and catalogued over 400 sites. With this system the work was completed within a single week.
Client Benefits:
- The deal successfully closed, and the buyer was able to timely evaluate and successfully complete the $1.8 Billion acquisition within the original 30 day contract period.
- The client had the data necessary to beneficially negotiate the transaction. TRC assisted in the transaction closing by providing the client with specific prescriptive permit transfer requirements and guidance.
- The client had tools and information to quickly integrate the new assets. We developed and then provided the client with an interactive asset geo-database of site GPS mapped locations, with over 1,800 site photos, equipment inventories and regulatory permit registration listings.
Related Projects
Discover the success we’ve had with helping our clients execute major projects and make a meaningful impact on their local communities.
Transaction Advisory Services – $7B Reshore Acquisition by a Global Private Equity Firm
Platinum Equity Investment in Farnese Vini
Soil and Groundwater Impacts at Whitneys Chevrolet
Site Characterization and Remediation for Urban Redevelopment Project
Remediation Strategies for Residential High-Rise
Sharing Our Perspectives
Our practitioners share their insights and perspectives on the trends and challenges shaping the market.
New Jersey Implements Landmark Environmental Justice Regulations
August 2, 2023
A new landmark Environmental Justice (EJ) law is now effective in New Jersey following a lengthy rulemaking process surrounding the New Jersey Department of Environmental Protection’s (NJDEP) Administration Order (AO) No. 2021-25. It is the first rule of its kind and the strongest EJ regulation in the nation.
New Phase I ESA Standard Will Affect Environmental Due Diligence
January 25, 2022
After years of review, revisions and discussions, the new ASTM E1527 Phase I Environmental Site Assessment (Phase I ESA) standard has been published. The new standard includes updates to definitions, clarifications on processes and requirements, and guidance for emerging contaminants.
Managing EHS & ESG Risks Through Integrated Systems Today and Beyond
July 22, 2021
It has been more than 50 years since the development and establishment of the federal Environmental Protection Agency (EPA) and the federal Occupational Safety & Health Administration (OSHA) which were formed to protect our environment and workplaces across the United States. Significant laws, policies and regulations followed to establish the “regulatory programs” that all applicable businesses and entities must address and meet to ensure these compliance-driven legislative programs would create a foundation to protect our society.
A billion-dollar BrewDog: TRC advises private-equity client on major craft beer investment deal
April 19, 2021
When one of America’s leading private-equity companies decided recently to buy a stake in one of the world’s fastest-growing craft-beer brewers, the deal team sought advice from TRC.
TRC Announces Collaboration with Greenstone Reinforcing Integrated ESG, Sustainability and Climate Risk Solutions
June 26, 2020
Renewable energy developers face an increasingly fast moving and competitive market. While opportunities abound, bringing projects online to meet demand comes with many technical and administrative challenges. In this episode of TRC Talks, our experts discuss how TRC’s fully integrated renewables delivery platform is helping move projects from concept to completion, faster and more efficiently.
COVID-19 and Implications for ESG Investing
June 3, 2020
This global pandemic has exposed business vulnerabilities and recalibrated material Environmental Social and Governance factors for investors.
TRC Brings Environmental Services to Manchester with Second UK Office
March 5, 2020
In continuing to expand our presence in a key British market, TRC is opening our second UK office in Manchester, England