Content Indices
Value Reporting Foundation: SASB Standards
Oil and Gas – Exploration and Production, Sustainability Accounting Standard
| Topic | Code | Accounting Metric | Disclosure Level | Disclosure Location |
|---|---|---|---|---|
| Greenhouse Gas Emissions | EM-EP-110a.1 | Gross global Scope 1 emissions, percentage methane, percentage covered under emissions-limiting regulations | Full | Performance Metrics; TCFD Climate Analysis Our operations are governed by local, state and federal regulations including those based on the Clean Air Act. This includes air permitting, emission standards, reporting, monitoring and recordkeeping standards. |
| EM-EP-110a.2 | Amount of gross global Scope 1 emissions from: (1) flared hydrocarbons, (2) other combustion, (3) process emissions, (4) other vented emissions, and (5) fugitive emissions | Full | Performance Metrics; TCFD Climate Analysis | |
| EM-EP-110a.3 | Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets | Full | Letter from Our CEO; TCFD Climate Analysis | |
| Air Quality | EM-EP-120a.1 | Air emissions of the following pollutants: (1) NOx (excluding N2O), (2) SOx, (3) volatile organic compounds (VOCs), and (4) particulate matter (PM10) | Partial | Air Quality |
| Water Management | EM-EP-140a.1 | (1) Total fresh water withdrawn, (2) total fresh water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress | Full | Water Management; Performance Metrics |
| EM-EP-140a.2 | Volume of produced water and flowback generated; percentage (1) discharged, (2) injected, (3) recycled; hydrocarbon content in discharged water | Full | Water Management; Performance Metrics We do not discharge any treated water to surface water or for land application. | |
| EM-EP-140a.3 | Percentage of hydraulically fractured wells for which there is public disclosure of all fracturing fluid chemicals used | Full | Biodiversity & Land Stewardship; Performance Metrics | |
| EM-EP-140a.4 | Percentage of hydraulic fracturing sites where ground or surface water quality deteriorated compared to a baseline | None | Baseline water sampling is discussed in Water Management. We sample water sources in our operating areas according to regulatory requirements. | |
| Biodiversity Impacts | EM-EP-160a.1 | Description of environmental management policies and practices for active sites | Full | Environmental Section and its subpages; Environmental Policy |
| EM-EP-160a.2 | Number and aggregate volume of hydrocarbon spills, volume in Arctic, volume impacting shorelines with ESI rankings 8-10, and volume recovered | Full | Spill Prevention; Performance Metrics We do not operate in the Arctic or in/near the shorelines referenced and therefore have no spills in these areas. | |
| EM-EP-160a.3 | Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status or endangered species habitat | Partial | Biodiversity & Land Stewardship | |
| Security, Human Rights & Rights of Indigenous Peoples | EM-EP-210a.1 | Percentage of (1) proved and (2) probable reserves in or near areas of conflict | Full | Since we operate only onshore and in the U.S., we do not have operations in or near areas of conflict. |
| EM-EP-210a.2 | Percentage of (1) proved and (2) probable reserves in or near Indigenous land | Full | We have no active operations on Indigenous land. | |
| EM-EP-210a.3 | Discussion of engagement processes and due diligence practices with respect to human rights, Indigenous rights, and operation in areas of conflict | Full | Human Rights | |
| Community Relations | EM-EP-210b.1 | Discussion of process to manage risks and opportunities associated with community rights and interests | Full | Stakeholder Engagement; Community Engagement |
| EM-EP-210b.2 | Number and duration of non-technical delays | Full | We experienced no non-technical delays in 2022. | |
| Workforce Health & Safety | EM-EP-320a.1 | (1) Total recordable incident rate (TRIR), (2) fatality rate, (3) near miss frequency rate (NMFR), and (4) average hours of health, safety, and emergency response training for (a) full-time employees, (b) contract employees, and (c) short-service employees | Partial | Workforce Safety; Performance Metrics |
| EM-EP-320a.2 | Discussion of management systems used to integrate a culture of safety throughout the exploration and production lifecycle | Full | Risk Management; Workforce Safety; Health & Well-Being | |
| Reserves Valuation & Capital Expenditures | EM-EP-420a.1 | Sensitivity of hydrocarbon reserve levels to future price projection scenarios that account for a price on carbon emissions | Full | TCFD Climate Analysis |
| EM-EP-420a.2 | Estimated carbon dioxide emissions embedded in proved hydrocarbon reserves | None | ||
| EM-EP-420a.3 | Amount invested in renewable energy, revenue generated by renewable energy sales | None | We utilize renewable energy sources as part of our daily operations, including solar to power certain site equipment. We continue to evaluate renewable energy investments as a potential forward-looking strategy for the company. | |
| EM-EP-420a.4 | Discussion of how price and demand for hydrocarbons and/or climate regulation influence the capital expenditure strategy for exploration, acquisition, and development of assets | Full | TCFD Climate Analysis | |
| Business Ethics & Transparency | EM-EP-510a.1 | Percentage of (1) proved and (2) probable reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index | Full | Human Rights |
| EM-EP-510a.2 | Description of the management system for prevention of corruption and bribery throughout the value chain | Full | Accountability & Compensation | |
| Management of the Legal & Regulatory Environment | EM-EP-530a.1 | Discussion of corporate positions related to government regulations and/or policy proposals that address environmental and social factors affecting the industry | Full | Political & Trade Participation; TCFD Climate Analysis |
| Critical Incident Risk Management | EM-EP-540a.1 | Process Safety Event (PSE) rates for Loss of Primary Containment (LOPC) of greater consequence (Tier 1) | None | |
| EM-EP-540a.2 | Description of management systems used to identify and mitigate catastrophic and tail-end risks | Full | Risk Management; Workforce Safety; TCFD Climate Analysis | |
| Activity Metrics | EM-EP-000.A | Production of: (1) oil, (2) natural gas, (3) synthetic oil, and (4) synthetic gas | Full | AXPC ESG Metrics; we do not produce synthetic oil or synthetic gas |
| EM-EP-000.B | Number of offshore sites | Full | We only perform work onshore and in the U.S. | |
| EM-EP-000.C | Number of terrestrial sites | Full | Performance Metrics |
