Current BHI Stock Info

Baker Hughes (ticker: BHI), the $26 billion (marketcap) oilservices provider with oil and gas operations in 80 countries, flipped the switch Wednesday on its new policy of disclosing 100% of the chemistry in its hydraulic fracturing fluids. The company said chemical disclosure will be done without detailing specific product formulations.

For each fracturing job beginning on or after October 1, 2014, Baker Hughes will disclose a single list of all of the chemical constituents of its products used, while also specifying their maximum concentrations. Baker Hughes said its policy is fully compatible with the online national hydraulic fracturing chemical registry known as FracFocus. All of the company’s disclosure forms can be found at www.fracfocus.org.

“Introducing greater transparency about the chemicals used in the hydraulic fracturing process and protecting the ability to innovate are not conflicting goals,” Baker Hughes chief strategy officer Derek Mathieson said in a company news release. “… We have a responsibility to provide the public with the information they want and deserve. It simultaneously enables us to protect proprietary information that is critical to our growth.”

Most state regulators do require that companies keep complete lists of all chemicals used in downhole and surface operations at a well site and disclose them to the regulating body upon request. Fracfocus.org maintains links to all state oil and gas regulations in the U.S.

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