The Obama administration said Thursday it will require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations.
A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
The company headed by Lafayette native Jim Flores has already quietly hired 180 people for its Broussard expansion.
Plains Exploration & Production is building a deepwater Gulf of Mexico warehouse and storage facility in Broussard.
Independent Lafayette-based operator’s net income is $10 million less than it earned in the first quarter of 2012.
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