This report was written by a steering committee of Subject Matter Experts (SMEs). Industry input was obtained from a summit held April 2016 in Houston as well as members from SPE online communities. This Technical Report is based on discussions and conclusions from the summit and is intended to provide guidance on an industry-wide safety management data sharing program. The overall objective of the effort is to: a) eliminate or reduce risk of harm through industry sharing of data, b) to generate information that builds knowledge, understanding and ownership, and c) to disseminate recommended corrective actions to prevent a re-occurrence. It was approved by the SPE Board of Directors in September 2016.