Business View Magazine May 2023

26 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 5 three main elements, the integrity of the structure itself, providing protection, ongoing monitoring, and providing compliance data to our clients.” The energy sector is undergoing dramatic changes to focus on existing assets, which Pond is adapting to with PHMSA (Pipeline Hazardous Materials and Safety Administration) implementing new requirements for pipeline safety and compliance. The new stance means Pond will continue to be more actively involved with the pipeline integrity market for the foreseeable future. Strategy with Mega Rule The Pipeline Hazardous Materials and Safety Administration (PHMSA) published three parts of the new Mega Rule which intends to provide regulations to limit pipeline failures for the nation’s complex pipeline transportation system. The rules were created after numerous pipeline failure investigations revealed fatalities, injuries, and releases to the environment. PHMSA, along with multiple industry organizations, worked together to provide realistic goals and actionable items to meet the intent of the Mega Rule by 2035. Moving into the future, Pond is working with companies to meet PHMSA regulations which provides a huge opportunity. The leadership team is now in the process of developing a multi-year business strategy around these requirements. Pond’s integrity teams are actively engaging with technology providers such as ESRI GIS, inline inspection providers, 3D modeling, material verification (Massachusetts Material Technologies (MMT)), laboratory testing, or engineering criticality assessments (ECAs). Current Market Drivers “I expect the future will be a blend of different energy sources, which will give companies a variety of solutions. Everything, including natural gas and renewable energy, has a part to play in the energy future,” says Evans. Currently one of the biggest drivers for the industry is regulatory compliance and actions regarding methane and carbon SURVEY www.EncompassServices.com Aaron Tong Business Development Manager (614) 580-9385 a.tong@encompassservices.com 230 Hilliard Ave Suite2 Asheville, NC 28801 Tyler Hastings , PLS Vice President of Civil Services (828) 412-2343 t.hastings@encompassservices.com 230HilliardAve Suite2 Asheville, NC28801 ROW RouteReconnaissance/Survey/Layout Preliminary&DesignSurveys As-Built&ConstructionSurveys SUE Investigations/Marking/Mapping Boundary/EasementSurveys ALTA/NSPSLandTitleSurveys ExistingAssetSurveys WellPackageDevelopment/Assistance GIS FacilityMapping/MAOPTracking WebApplicationDevelopment FullCompanyGISSupport System IntegrationConsulting DocumentScanning/OCRExtraction AcquisitionandAssetMapping LandRecordsandDatabaseManagement GISProjectManagement GeodatabaseCreation/Management MobileGISApplications TitleResearch Surface&MineralTitleExamination LandRightNegotiations/Acquisition DivisionOrderPreparation ConstructionSupport&Outreach Compliance&LitigationSupport DueDiligence R