ExxonMobil released a report Tuesday explaining how the company assesses and manages risks associated with developing unconventional resources, including hydraulic fracturing.
The 36-page report details how hydraulic fracturing wells are constructed to best prevent spills and leaks. The report provides detailed illustrations of the eight construction steps used by Exxon to guard against leaks and groundwater contamination.
The report also highlights Exxon’s use of recycled water during the fracking process.
“We strive to use water wisely and participate in research to evaluate new solutions,” Exxon said.
Exxon said the development of unconventional resources “can bring substantial reductions in operational surface footprint” at sites due to the smaller size of unconventional wells compared to their conventional counterparts.
In the report, Exxon said that natural gas development through fracking has brought about “significant” reductions in greenhouse gas emissions in the United States.
Exxon also said that it is abiding by risk management best practices outlined by the American Petroleum Institute.
“Hydraulic fracturing has been responsibly and safely used by the oil and gas industry for more than 60 years, but the process isn’t without risks,” Exxon’s vice president of investor relations Jeffrey Woodbury said.
The report is part of an ongoing conversation between the company and its shareholders about the environmental impact of unconventional resource development.