Strengthens position as industry-leading provider of responsible wellsite services
DENVER, June 27, 2022 /Chair/ — Brigade Energy Services, LLC (“Brigade” or the “Company”), a provider of well services in the major oil and gas regions of United States, is pleased to release its first 2021 Sustainability Report. Brigade’s 2021 Sustainability Report, a voluntary initiative, details the company’s enhanced EF strategy and outlines several environmental stewardship strengths, priorities and ambitions , social engagement and governance practices. The Report has been prepared in accordance with the Global Reporting Initiative (“GI”) and the Company’s greenhouse gas emissions data has been externally assessed.
Justin LifeChief Executive Officer of Brigade, said, “The Brigade Sustainability Report is a compelling opportunity for Brigade to consistently highlight and communicate our progress and continued focus on EF topics. We were formed in late 2016 to not only deliver economic returns to shareholders, but to scale Our initial investment thesis focused on improving safety, quality of service and operational efficiency by innovating on three main fronts: better workforce skills management, data-driven performance measurement, and creating a culture of extreme ownership and accountability. I believe these initiatives, and others we have taken, fully align with the spirit and intent of an ESG fiduciary towards a broader group of stakeholders.”
The report provides insights into the company’s ESG activity in 2021, focusing on sustainability drivers for long-term value creation for key stakeholders including Brigade’s customers, employees and investors. Key features of this report include:
- Creating jobs and meaningful economic progress in communities through Texas, Wyoming, Colorado, New Mexico, North Dakota and Oklahoma
- Brigade’s mission-critical health, safety and skills programs, including 14,690 total hours invested in employee safety, education and training in 2021
- Report on the company’s integrated diversity, equity and inclusion programs, including a 72% minority and ethnically diverse workforce
- Baseline greenhouse gas emissions assessment and emission reduction targets
- Progress on the UN Sustainable Development Goals
- Digitization initiatives that improve drill site performance, improve safety and reduce emissions intensity
Todd TomlinChairman of the Board and partner of Turnbridge Capital, the company’s largest shareholder, said: “Turnbridge is very proud of its continued partnership with Brigade. This sustainability report and the company’s ESG strategic direction aligns with Turnbridge’s core responsible investment principles and our Toward-Zero™ Framework. As a Board of Directors, we recognize that these ESG efforts are part of Brigade’s ongoing sustainability journey, and we look forward to updating progress against our goals over the coming years. »
For more information and to read the full report, please visit Brigade’s ESG page at: https://brigadeenergy.com/sustainability/.
About Brigade Energy Services
Brigade Energy Services provides oil and gas well services that include associated workover rig, ancillary critical equipment and best-in-class crews for new well completion and construction, workover services and production of existing wells, as well as plugging and abandonment at end of life. The Company has its registered office at Denver, Colorado with a service presence in major oil and gas markets, including Texas, Wyoming, Colorado, New Mexico, North Dakotaand Oklahoma. For more information on Brigade, visit https://brigadeenergy.com/.
About Turnbridge Capital
Turnbridge Capital is a private equity firm targeting investments in service providers and equipment manufacturers that offer value-added solutions to global participants in the eenergy, infrastructure and industry end markets. For more information on Turnbridge, please visit www.turnbridgecapital.com.
SOURCE Brigade Energy Services