Seeking Alpha

Baker Hughes to divulge all fracking chemicals

  • Baker Hughes (BHI) says it will reveal all chemicals it uses in hydraulic fracturing, information other big industry players have resisted providing as trade secrets.
  • BHI says its new data format will calm concerns of activist investors and environmental groups, as it will include in its newly formatted reports a complete analysis of its fluid mixtures, down to tiny trace elements of ammonium hydroxide.
  • Shareholder groups have so far failed to force Exxon, Chevron and others to disclose several quantitative metrics around shale-gas drilling.
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