Oak Meadows Homeowners Association
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May 24, 2017
Opening Remarks for Craig Walters, Vice President, Rockies Operations
Good evening. I want to thank the Oak Meadows HOA for facilitating tonight’s meeting and to the COGCC for participating. I don’t normally read my opening remarks. I am tonight because it’s very
important to me and my team that I not miss any of the things that I want to convey to all of you. The accident that claimed the lives of Mr. Martinez and Mr. Irwin has left us all shaken. We know
nothing we can do or say can undo what has happened. We continue to pray for Mrs. Martinez’s
recovery and for their families and loved ones. Our employees live, work and raise families here in the Firestone community, Carbon Valley, and throughout Northeastern Colorado. We want everyone here to know we are deeply sorry this accident occurred in your neighborhood. We are absolutely committed to doing all we can to help you feel safe in your homes.
That’s why we are actively participating in the National Transportation Safety Board’s investigation. We
will continue to cooperate fully to its conclusion. We have about a dozen team members here tonight representing different aspects of operations and responsibilities. We will all do our best to answer any
questions you might have. At the same time, it’s important that you also know we cannot discuss the
investigation of the accident and our nearby well. The NTSB has very strict rules about that, and while we plan to continue engaging with you, we also must be mindful of that process. Before taking your questions, I want to spend a few moments discussing what we have done and are doing. The most relevant actions we have taken for those of you in this room tonight are that we have:
Shut in the 3 active wells near the Oak Meadows neighborhood. That means no oil or natural gas is currently flowing through these wells or their flowlines. It is important to note several items as it pertains to these wells:
As the Fire Department’s investigation indicates the well
s were not the problem, nor was the proximity to the Martinez home. Rather, according to the Frederick-Firestone Fire Protection District, the issue focused on a one-inch low-pressure return line that was severed near the foundation of the home.
To address that specific issue, we are disconnecting ALL similar one-inch low-pressure return lines from our vertical wells across the entire basin. This is a significant step beyond what the state has required in its Notice to Operators. We will cut the return lines off below the ground and plug the ends with cement. We will cap these lines so they cannot be reconnected again.
Additionally, each of the 3 active wells near your neighborhood has since undergone our additional inspection process. We are confident these wells would be safe to bring back on production at a future date. However, we recognize the special circumstances and sensitivity around this particular