Drill pipes on a rack near Nabors Industries Ltd. site.(Bloomberg photo) |
Nabors, the largest onshore drilling contractor by revenue, is not the only one claiming exemption from the new Texas law. According to Bloomberg-Businessweek, in this year alone, more than 19,000 such exemptions to the law have been granted. (Data from the documents were compiled by Pivot Upstream Group, a Houston-based firm that studies the energy industry, and analyzed by Bloomberg.)
"Nationwide, companies withheld one out of every five chemicals they used in fracking, a separate examination of a broader database shows," the reporters note. Several other states that require disclosure of hydraulic-fracturing chemicals, including Louisiana, Montana, New Mexico and North Dakota, also leave it up to energy companies to determine what chemicals can be labeled secrets. (Read more)
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