Pre-Acquisition Environmental Risk Assessment and Valuation of $120MM Liability
TBLS Group, under a Master Service Agreement, created a reasonable “worst case” environmental liability valuation on behalf of client to be used in negotiations between USEPA and oil refineries considering liability buyout. Valuation was for liability for a town impacted by past releases from 6 oil refineries. , The entire town had been inundated by past spills from refineries and pipelines since the 1970’s. The $120 MM liability valuation involved review of over 70 reports, and countless files of long term operation, maintenance and monitoring. The valuation was substantially completed in less than one month.
