Breitling Oil and Gas Texas and California Morning Podcast #335

Proposed fracking rules for oil and gas operations on federal lands will cost the industry as much as $1 billion per year, according to a new cost analysis done on behalf of the Western Energy Alliance and the Independent Petroleum Association of America. BLM’s original plan called for several new layers of oversight with the stated goal of protecting air and water. These included requirements that operators prove the integrity of each well and wait to receive approval from the BLM before they were fracked. They also required that operators provide detailed data about how each new well is fortified with cement to ensure no fracking chemicals leaked out of the well bore. And they instituted new reporting and administrative requirements that the industry called burdensome and costly.

Comments are closed.