Indirect Emissions – Third-Party Natural Gas Processing (tonnes CO2) (3)
Direct & Indirect GHG Emissions (tonnes CO2)
Direct & Indirect GHG Emissions Intensity (tonnes CO2/BOE)
BC CARBON TAX PAID
Produced Water at Facilities (m3)
Total Water Used for Completions (m3)
Fresh Water Used for Completions (m3)
Recycled Water Used for Completions (m3) (4)
% Recycled Water Used for Completions (m3) (5)
Producing Wells (gross)
Non-Producing Wells (gross)
Total Abandoned Wells (gross)
Abandoned Wells Actively Being Reclaimed (gross)
LIABILITY MANAGEMENT RATINGS (6)
(1) Year-end full-time and part-time employees only (Calgary office and BC field employees combined). Contractors and temporary employees are not included.
(2) 2019 emissions for facilities, wellsites, drilling, completions, and fugitive or methane totaled 71,327 tonnes CO2 as per the report prepared by Aperture Consulting Inc. and audited by GHD Limited which was submitted to the BC Ministry of Environment & Climate Change Strategy as part of BC Reporting Regulation 249/2015 (GGERR) under the Greenhouse Gas Industrial Reporting and Control Act (GGIRCA).
(3) “Indirect Emissions” is estimated from the BC Carbon Tax paid during each year.
(4) Recycled water for completions includes produced water from facilities plus flowback water from completion operations.
(5) Percentage of water reused for completions is limited by water quality constraints, the number of completions in any given year, and the available volume of stored water.
(6) Higher number is better, below 1 requires letter of credit with AB or BC government.
Currently there is no single standard system that applies across companies for compiling and calculating the quantity of greenhouse gas (GHG) emissions and other sustainability metrics attributable to corporate operations. Accordingly, such information may not be comparable with similar information reported by other companies. Storm may change its policies for calculating these GHG emissions in the future without prior notice.
Storm has endeavoured to ensure the accuracy of the information in this table. However, this table may include approximations and estimates, which could differ from actual results, and is for informational purposes only. Storm disclaims any liability whatsoever for errors or omissions. Further, some information in this table may have been disclosed previously in other Storm public disclosure, and such disclosure is not intended in any way to be qualified, amended, modified or supplemented by the information herein.
For the purpose of calculating unit revenues and costs, natural gas is converted to a barrel of oil equivalent (“Boe”) using six thousand cubic feet (“Mcf”) of natural gas equal to one barrel of oil unless otherwise stated. Boe may be misleading, particularly if used in isolation. A Boe conversion ratio of six Mcf to one barrel (“Bbl”) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All Boe measurements and conversions in this report are derived by converting natural gas to oil in the ratio of six thousand cubic feet of natural gas to one barrel of oil.
Storm aims to ensure that as a company we support and contribute to the communities in which we do business, primarily in our field operations of Fort St. John, British Columbia and surrounding area, along with our head office located in Calgary, Alberta. The main benefit to these communities is through our capital expenditure program, which has a multiplier effect on the money directed to local businesses, while also creating jobs and generating tax revenue for regional municipalities. In addition, Storm supports various local causes, both through charitable donations and employee volunteer hours in order to give back to the communities that are integral to the success of our business.