I'm not sure disrupting the ecosystem at the bottom of the pond is an ecologically sound move. Biodiversity is important! Obviously I understand this is a proof of concept and not the solution to fossil fuels.
it probably speeds things up rather than killing them, and you know on the scale of BP pouring millions of oil into the ocean, I reckon what this guy is doing is absoloutley fine and the environmental damage is well within range of what the local environment can cope with and recover from within a reasonably small time frame.
But BP serves millions of customers. If you normalize by that (ie. pollution divided by customers), my guess is that digging up ponds is more environmentally damaging than buying gas at the gas station.