The Oil and Gas New Owner Audit Policy will initially focus on excess air emissions from vapor intrusions. To qualify as a new owner under this program, you need to notify the EPA within 9 months of your acquisition. However, the benefits of the program can be retroactive for those who have purchased a site while the policy was being finalized. This is only for facilities purchased a year prior. The policy states new owners must complete the following:
- Perform an audit that is comprehensive of the Clean Air Act – If there are any corrective actions, they must be made within 60 days of notification of non-compliance.
- Complete an engineering and design assessment to ensure vapor control systems are
adequately designed and sized to handle maximum and minimum system pressures and are
operated to prevent excess emissions – Any corrective actions as a result of the assessment must be taken in 180 days,
especially if incorrect size is found.
- Within 60 days of the finalization of an agreement between a new owner and the EPA, the new owner must submit proposed audit protocols and checklists, and a plan for its engineering and design assessment.