Abstract

http://ssrn.com/abstract=2192633
 
 

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The Private Role in Public Fracturing Disclosure and Regulation


Hannah Jacobs Wiseman


Florida State University - College of Law

December 1, 2012

3 Harvard Business Law Review Online 49, 2013
FSU College of Law, Public Law Research Paper No. 622

Abstract:     
Recent domestic growth in oil and gas natural gas production from shales and sandstones called “tight” formations — largely enabled by a modified technology called slickwater hydraulic fracturing — has driven both economic growth and environmental concerns. Public concerns have often focused on the chemicals used in the fracturing process, yet federal regulations requiring disclosure of chemicals are weak. In the midst of initial “threats” of federal intervention, industry — along with state regulators — developed a website that enabled chemical disclosure. State regulations later mandated disclosure through this website, or allowed it as one option within a mandatory disclosure regime. Independently, gas companies also have begun to experiment with less toxic fracturing chemicals and to take other substantive efforts toward identifying and limiting the risks of tight oil and gas development. This example of a public-private effort to enhance informational access in fracturing, and to make limited substantive changes, may offer important lessons for other oil and gas regulation moving forward. Agencies and policymakers must make independent assessments of risks and avoid directly adopting industry solutions if those solutions are incomplete or avoid needed change. But oil and gas operators have shown how public action, combined with industry coordination and innovation, can sometimes inspire productive responses to the risks of unconventional oil and gas production.

Number of Pages in PDF File: 18

Keywords: hydraulic fracturing, fracing, fracking, hydrofracking, disclosure

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Date posted: December 22, 2012 ; Last revised: February 15, 2013

Suggested Citation

Wiseman, Hannah Jacobs, The Private Role in Public Fracturing Disclosure and Regulation (December 1, 2012). 3 Harvard Business Law Review Online 49, 2013; FSU College of Law, Public Law Research Paper No. 622. Available at SSRN: http://ssrn.com/abstract=2192633

Contact Information

Hannah Jacobs Wiseman (Contact Author)
Florida State University - College of Law ( email )
425 W. Jefferson Street
Tallahassee, FL 32306
United States
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