I’ve written previously about the creation of the Center for Sustainable Shale Development, and the cool industry response to its laudable 15 performance standards, which are intended to go beyond existing state laws in Pennsylvania, Ohio and West Virginia.
That cool response may be starting to change.
Oil and gas giant Chevron has become the first company to complete the Center’s evaluation and verification process and earn full CSSD certification against all 15 of the Center’s initial performance standards.
Innovation will proceed, as will our evaluation of the risks of shale gas development. What is a best practice today may not be six months from now. Continuous improvement must be a guiding principle in shale gas development - and its regulation. CSSD gets that, as a review of their standards shows.
All that said, Chevron’s accomplishment is a very significant - and very positive – development.
Now, will the rest of the industry step up? And will state regulators leverage this leadership to require higher standards of all drillers?