Many states have made reporting to Frac Focus part of their chemical disclosure requirements, and a new analysis finds that 20% of the required reports were late in Pennsylvania and Colorado.
So what's the right response from regulators, when 80% of the industry complies with an important regulatory rule, but 20% fail to do so? Is it effectively to treat the same those companies who comply and those who do not?
Regulators in Pennsylvania and Colorado imposed no penalties against those companies reporting late. By taking no action, regulators do send a message to those who did comply and those who did not.
It is a message, however, that undermines excellence in operations and public confidence.