FracFocus celebrates its 5th anniversary
Individual companies within their particular industries often create proprietary components of a product or service as a way to differentiate themselves from competitors. These trade secrets, as they’re referred to, are protected by state laws.
Within the oil and natural gas industry, companies that create proprietary formulas, methods, techniques or processes for hydraulic fracturing are protected by these trade-secret laws, and therefore are not required to reveal the chemicals used to develop them. In addition, many states have enacted the Uniform Trade Secrets Act, which provides a legal framework for companies operating in multiple states. When FracFocus was developed in 2011, this limited our ability to provide a truly comprehensive database of information.
In response, FracFocus has developed a reporting method that allows companies to provide the required information while protecting their proprietary components. This method, called the systems approach, decouples ingredients from their respective trade names, making it impossible for an end user to connect the two.
The ability to protect the proprietary portions of this information – while still providing the complete list of chemical ingredients used – decreases the use of trade secrets in disclosures, thereby improving public transparency.
September 10, 2020
August 07, 2020
July 13, 2020
July 10, 2020