Ben Elgin
14 Aug 2012
Seeking to quell environmental concerns about the chemicals it shoots underground to extract oil and natural gas, Apache Corp. (APA) told shareholders in April that it disclosed information about “all the company’s U.S. hydraulic fracturing jobs” on a website last year.
Actually, Apache’s transparency was shot through with cracks. In Texas and Oklahoma, the company reported chemicals it used on only about half its fracked wells via FracFocus.org, a voluntary website that oil and gas companies helped design amid calls for mandatory disclosure.
Energy companies failed to list more than two out of every five fracked wells in eight U.S. states from April 11, 2011, when FracFocus began operating, through the end of last year, according to data compiled by Bloomberg. The gaps reveal shortcomings in the voluntary approach to transparency on the site, which has received funding from oil and gas trade groups and $1.5 million from the U.S. Department of Energy.
“FracFocus is just a fig leaf for the industry to be able to say they’re doing something in terms of disclosure,” said U.S. Representative Diana DeGette, a Colorado Democrat. DeGette, along with Pennsylvania Senator Robert Casey, introduced legislation in March 2011 that would require companies to disclose fracking chemicals. The bills haven’t advanced in either the House or Senate.
With FracFocus, “companies that want to disclose can do it but the other ones don’t have to,” DeGette said.
85% Fracked
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MY TAKE
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HOCUS POCUS FRAC FOCUS IS A JOKE!
I analyzed fracfocus.org data against official docx and found a 75% skew in official COGCC data of that which was posted on fracfocus. It's bogus
fracfocus is nothing but a public pacifier.
Shane
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