Cabot Oil and Gas Agrees to Make Disclosures Concerning Fracking Fluids
New York State Comptroller Thomas DiNapoli has announced that Cabot Oil and Gas Corporation has agreed to disclose its policies and procedures for reducing and eliminating toxic substances associated with its hydraulic fracturing fluids. DiNapoli commended Cabot Oil and Gas in the announcement, stating “Cabot has taken a positive step to reduce risk to shareholders, the environment and the communities in which it operates . . . This agreement means that Cabot will publicly release what it is doing to use less toxic substances in its hydraulic fracturing fluids and detail how it is ensuring these efforts are being carried out.” DiNapoli has also reached agreements with Hess Corp., Range Resources and SM Energy to disclose potential risks associated with their respective hydraulic fracturing activities.