Real Estate Transaction Assessment

Blackshare Environmental conducted a Phase I Environmental Site Assessment on a 1,600-acre development project in central Oklahoma. The development included a large number of single-family homes and outlying retail space. Due to significant historical and ongoing oil production in the area, additional oil and gas research was conducted to review the spill history and determine the possible presence of unplugged wells. Oil and gas drilling records were reviewed and individual well locations were plotted on the site map.

Blackshare Environmental has been the primary provider of Phase I Environmental Site Assessments for a large commercial lender and has conducted assessments on more than 40 sites. The assessments have been conducted on a wide variety of property types including shopping centers, office buildings, manufacturing facilities, service stations, apartment complexes, restaurants and vacant land. All assessments have met or exceeded the ASTM standard for conducting Environmental Site Assessments.

Blackshare Environmental was engaged to conduct a Phase I Environmental Site Assessment and Limited Compliance Audit for a natural gas processing plant and associated gathering system in Eddy County, New Mexico. The plant is used to recover sulfur and liquid hydrocarbons from natural gas produced in the nearby fields. The compliance audit included a review of regulatory files to determine compliance with air, water and waste regulations.

A horse racing facility and adjoining acreage was purchased by a Native American Tribe and Blackshare Environmental was engaged to perform the Phase I Environmental Site Assessment as part of the due diligence process. The 252-acre site included the race track and grandstands, stables, barns, a two-story office/apartment, and three on-site residences.

A four block area in downtown Tulsa was chosen as the site for the new 18,000-seat arena, and Blackshare Environmental Solutions was selected to perform the Phase I Environmental Site Assessment. The four block area contained 20 commercial parcels consisting of commercial, industrial and vacant properties. Recognized Environmental Conditions (RECs) were identified as a result of historical property use research.