ALBANY, N.Y. – Two Texas companies that drill for natural gas have signed agreements with New York's attorney general to release information about the financial risks to investors from hydraulic fracturing, a drilling method banned in the state while health officials study its effects.
Continue Reading Below
Agreements with EOG Resources Inc. and Anadarko Petroleum Corp. require them to publicly disclose of risks from chemical handling, wastewater disposal, effects on drinking water aquifers, regulation and litigation.
Both companies say they have no current operations in New York and already disclose much of the information.
The agreements follow 2011 subpoenas from the attorney general's office to various drilling companies about their disclosure practices.
So-called fracking frees natural gas from dense shale rock a mile underground by injecting high volumes of water mixed with chemicals and sand.