DUE Diligence

TRRP Training: 2022 Program

presented by: GSI Environmetal Inc.

Texas Risk Reduction Program regulations (TRRP; 30 TAC 350) establish consistent risk-based protocols for assessment and response to soil, groundwater, or surface water impacts associated with environmental releases of regulated wastes or substances.

Presented by GSI Environmental Inc., this popular and informative training series is a must for professionals who need a working understanding of TRRP and those needing to stay up-to-date with the latest TCEQ TRRP guidance and policies.

TRRP Training Course (2 Days): Provides an overview of the TRRP framework and step-by-step training on property assessment and response action procedures established under the TRRP rule

Attendees will become acquainted with rules, key guidance and policies covering affected property assessments, protective concentration levels, and response actions. The course material presents strategies for efficient project management in compliance with TRRP and explains the various report forms adopted by TCEQ.

Dates and Location

Dates

June 14th and 15th, 2022

Location

Crowne Plaza River Oaks 2712 SW Freeway Houston, Texas 77098 713.523.8448 http://www.crowneplaza.com/

Price and Registration

Early-Bird Price

(Paid by May 1, 2022)
$XXX

Standard Price

(Paid after May 1, 2022)
$XXX

TAEP Membership Price

$XXX

Government Price

$XXX

Lodging and meals are not
included in course cost

BRINGING ENVIRONMENTAL RISKS AND LIABILITIES INTO FOCUS

GSI brings perspective and insights from decades of working on a broad scope of projects, which significantly enhances our ability to evaluate environmental conditions and assess potential liability on a wide range of property types.

Environmental uncertainties can pose significant risks for property transactions and related financing, insurance underwriting, and future land use planning. Our due diligence practice is grounded in our significant experience on environmental projects across many industries, geographic regions, and market sectors. Our technical experts work efficiently to identify, evaluate, and manage potential environmental impacts to soil and sediment, soil vapor, groundwater, and surface water. Our technical experts work efficiently and effectively with multi-disciplinary teams to integrate environmental liability analysis with acquisition, merger, and capital improvement projects.

GSI routinely supports due diligence efforts by performing environmental compliance audits and Phase I ESAs compliant with ASTM standards and EPA’s All Appropriate Inquiry Rule. By identifying potential environmental impacts and compliance issues, we provide assessments of potential environmental liabilities and risk management options, referenced to cost materiality thresholds if desired, prior to property acquisition or disposition. Our due diligence practice is augmented by Phase II investigations, remediation cost estimation, and third-party cost allocation for litigation.

Related practice areas include:

FEATURED PROJECTS

Phase I ESA Review and Environmental Cost Liability Estimation

Confidential, Northern California

On behalf of the Buyer, GSI was retained to review Phase I documentation prepared by a third party. GSI’s review and research identified a tetrachloroethene (PCE) groundwater plume emanating from a former, upgradient dry cleaner facility possibly encroaching on the Subject Property. GSI’s findings and cost estimates for potential vapor intrusion mitigation at this future development site contributed to the Buyer’s successful purchase negotiation with the Seller.

Phase I ESAs and Limited Compliance Audits for Oil and Gas Assets

Multiple Locations, Southern California.

GSI conducted Phase I ESAs and limited compliance audits for a portfolio of oil and gas assets, some of which had been in production for more than 100 years. We were first retained by the lender, which was performing due diligence in support of restructuring existing contracts with the lease holder, and were later hired by a potential buyer to assess the environmental liabilities associated with the assets. GSI tailored our assessment to efficiently and effectively combine the Phase I ESA and compliance review to evaluate the assets relative to the Phase I standard, as well as to a specified materiality threshold for environmental issues that did not meet the level of a “recognized environmental condition.”