Tuesday, August 09, 2011

New Mexico Oil & Gas Industry Proposes Hydraulic Fracturing Disclosure Rule

The New Mexico Oil & Gas Association today filed a proposed rule with the New Mexico Oil Conservation Division that would require disclosure of the composition of hydraulic fracturing fluids for new and recompleted oil and gas wells. “Because some companies have historically sought to protect the composition of their hydraulic fracturing fluids as a trade secret, wild speculations bordering on conspiracy theories have emerged,” said Steve Henke, President of New Mexico Oil & Gas Association. “By proactively calling for disclosure in New Mexico, the industry is expressing its confidence in the proven safety record of the process and embracing transparency.” A hearing on the proposed rule is expected to begin later this year. A copy of the proposed rule is available at http://www.nmoga.org/hydraulic-fracturing. Press Release

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