Range's Pinkerton: Frac Disclosure Didn't Come Soon Enough

Pittsburgh Business Times
21 September 2012
By Anya Litvak, Reporter

Range Resources was the first company to drill a Marcellus well in 2004 and the first to disclose fracking fluids six years later.

Today, its executive chairman, John Pinkerton, said that should have been done sooner.

“Quite frankly Pennsylvanians were some of the first that started the whole conversation about what was in the secret sauce,” he said. “We didn’t react soon enough. We didn’t pay attention to what we were hearing.”

Why didn’t Range (NYSE: RRC) take the plunge earlier?

“For the most part, a lot of us thought it was just the New York Times and a few of those” pushing for disclosure, he said.

“But really it was Main Street that was asking the question. It was the people that create the jobs, the people who work hard, not the regulators, not the press.”

Anya Litvak covers energy, transportation, gaming, engineering and construction. Contact her at alitvak@bizjournals.com or (412) 208-3824.