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Oil & Gas
Mon April 28, 2014
Baker Hughes disclosing all fracking chemicals, Halliburton considering it
Trade Secrets are a place where oil and gas companies are allowed to keep secret the ingredients used in fracking. Baker Hughes has decided to publically list all the chemicals used in the process, while Halliburton, a major competitor is considering it reported The Associated Press and StateImpact Oklahoma.
Baker Hughes published a statement on their website saying the company believes disclosing 100 percent “of the chemical ingredients we use in hydraulic fracturing fluids without compromising our formulations,” will help increase public trust.
Halliburton is also looking at the possibility of disclosure. A statement from the company says Halliburton has “an interest in protecting our intellectual property and the substantial investment it represents” and it will watch how things go with the Baker Hughes disclosure.
Dr. Bernard Goldstein is the former dean of the University of Pittsburgh Graduate School of Public Health. He says, “One hopes that the entire industry goes along with it.”
The one “major hedge” Goldstein noted in the Baker Hughes position is the company says it will provide a complete listen of chemicals used in frack fluids “where accepted by our customers and relevant governmental authorities.”
Oil & Gas
Garfield County, Colorado