Anadarko Petroleum Corporation : Anadarko CEO : Industry Should Disclose Chemicals In Fracking
03/07/2012| 01:13am US/Eastern
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By Isabel Ordonez
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Energy companies should be open to disclosing the chemicals used in hydraulic fracturing, a drilling technique that has helped them to tap vast new oil and gas resources in the U.S., Anadarko Petroleum Corp. (APC) President and Chief Executive Officer Jim Hackett said Wednesday.
"We need to fully disclose chemical composition," Hackett said at the IHS CERA energy conference here. "There is no doubt that is something we have to do in order for people to trust us."
Separately, the head of Houston-based Anadarko said it's unlikely the U.S. will become a major player in the business of exporting natural gas, as the chemical industry is likely to oppose the idea. Several new plants are being constructed with the idea natural gas prices will remain low in the U.S., Hackett said. "I won't count us being a major player," he said.
-By Isabel Ordonez, Dow Jones Newswires; 713-547-9207; isabel.ordonez@dowjones.com
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