IADC Supports House Natural Resources Committee Passage of BLM Onshore Permitting Bills

IADC Supports House Natural Resources Committee Passage of BLM Onshore Permitting Bills

Houston (27 June 2018) – Today, the U.S. House Committee on Natural Resources passed three bills that will eliminate delays in the Bureau of Land Management’s (BLM) onshore permitting process. IADC supports today’s passage of H.R. 6087: Removing Barriers to Energy Independence Act; H.R 6088: Streamlining Permitting Efficiencies in Energy Development Act and H.R. 6107: Ending Duplicative Permitting Act. IADC is also supportive of the committee’s passage last week of H.R. 6106: Common Sense Permitting Act. In response, IADC President Jason McFarland issued the following statement:

“IADC has long been a supporter of energy laws and regulations that responsibly enable the exploration and production of oil and natural gas on Federal lands. Unfortunately, despite soaring production levels in the U.S., production on Federal lands continues to lag behind production on state and private lands. As a result, the Federal government is losing out on millions of dollars in royalties, bonus bids and lease rental payments that are instead being invested elsewhere. The passage of today’s collection of bills is a great start in the legislative process to boost onshore energy development on 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.