This due diligence checklist can be used in the pre-retention interview of an environmental assessment firm or in reviewing the scope of work conducted by environmental auditors in previous assessment studies.
Oregon Oil and Gas Producing Properties Environmental Assessment Checklist
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How to fill out Oregon Oil And Gas Producing Properties Environmental Assessment Checklist?
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FAQ
So how long does a Phase I Environmental Site Assessment take from start to finish? It can take anywhere from a few days (extremely quick and simple projects) to a month or more. As a general rule, we say a few weeks to a month or two is pretty average and should be sufficient.
A Phase I Environmental Site Assessment (Phase 1 ESA) is an investigation of a property's current and historical use. The process views and investigates a property in regards to former use in order to determine if there is a potential for hazardous conditions that might be present on the property.
The Phase 1 Environmental report is a common tool used for identifying potential significant environmental liabilities in the subsurface due to previous uses at the subject property or from nearby properties, especially ones where groundwater is shallow and are up-gradient to the subject property.
The purpose of a Phase I Environmental Site Assessment is to gather sufficient information to develop an independent professional opinion about the environmental condition of the property and to identify actual or potential environmental contamination, which may impact the property value or affect claim to an innocent
While not part of ASTM requirements, Phase I ESA reports typically include a discussion of observed suspect asbestos containing materials (ACM), potential lead-based paint (LBP), and mold growth; as well as the potential for lead in drinking water and radon.
A Phase 1 Environmental Site Assessment cost varies depending on the location and characteristics of a property. As of 2021, the average Phase 1 Environmental price ranges between $1,800 and $3,500. And in rare instances, Phase 1 ESA prices can be as high as $6,000.
The process for a Phase I ESA can take about two weeks on a property with little history of development. However, in most cases, the review of reports can last for several weeks. On average, the total time for Phase I ESA is around 2 to 4 weeks.
Performing a Phase 1 ESA is common practice in order to know whether a property is likely to contain any environmental issues, or recognized environmental conditions. Recognized environmental conditions include the presence, or likely presence, of hazardous materials or petroleum products due to a release or a
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