Anadarko Petroleum Corp. (APC) and EOG Resources Inc. (EOG) will disclose to investors the financial risks of fracking as part of a deal with New York Attorney General Eric Schneiderman.

The companies agreed to provide publicly accessible information on the financial effects of regulation, litigation and environmental impacts of their hydraulic fracturing businesses, Schneiderman said in a statement today. The companies will release the information in filings with the U.S. Securities & Exchange Commission.

“Investors and the public have a right to know all relevant information,” Schneiderman said in the statement. “These companies are setting a strong example for the rest of their industry.”

The agreement comes as the oil industry looks for ways to ease public fears about fracking after legal setbacks and concerns about water pollution. With the U.S. poised to surge past Saudi Arabia as the world’s largest supplier of oil in 2015, states are now regulating the drilling process.

Fracking, which has helped set records for natural gas production, involves a technique that shoots a watery mix of sand and chemicals underground to release gas and oil trapped in shale rock. Parts of New York sit above the Marcellus Shale, a rock formation estimated to hold enough natural gas to meet U.S. demands for almost six years.

New York’s high court ruled in June that the state’s cities and towns can block hydraulic fracturing within their borders, dealing a blow to an industry awaiting Governor Andrew Cuomo’s decision on whether to lift a six-year-old statewide moratorium.

To contact the reporter on this story: Sophia Pearson in federal court in Philadelphia at

spearson3@bloomberg.net

To contact the editors responsible for this story: Michael Hytha at mhytha@bloomberg.net Joe Schneider, Charles Carter