Streamlined Process for Onshore Federal Land Leases Welcomed by Drilling Contractors

Streamlined Process for Onshore Federal Land Leases Welcomed by Drilling Contractors

Houston (6 July 2017) – Today, Interior Secretary Ryan Zinke issued Secretarial Order 3354 to streamline the process by which oil and gas leasing permits are granted for work on onshore federal lands. In response, International Association of Drilling Contractors (IADC) President Jason McFarland issued the following statement:

“IADC appreciates Secretary Zinke’s dedication to reduce permitting times to encourage more interest in the development of our Federal lands. The current processing time for onshore federal land leases discourages development of our nation’s resources. The revenue generated from this activity is an important source of funding for the Treasury, providing funds for National Parks and infrastructure, among other activities. Drilling contractors aim to serve as responsible environmental stewards on all lands in which we conduct operations, and we welcome this effort by the Secretary to increase development on our nation’s Federal lands.

About IADC

Since 1940, the International Association of Drilling Contractors (IADC) has exclusively represented the worldwide oil and gas drilling industry. IADC’s mission is to catalyze improved performance for the drilling industry by enhancing operational integrity and championing better regulation to facilitate safer, cleaner and more efficient drilling operations worldwide. For more information, visit the IADC website at www.iadc.org.