On 27 July, IADC published a media release in response to the recommended revisions to the Onshore Oil and Gas Leasing Rule by the U.S. Department of the Interior’s Bureau of Land Management (BLM). The media release provides some background information and IADC’s stance on the subject, including the following quote by IADC President Jason McFarland:
“The increased costs to drilling contractors is an obvious detriment to oil and natural gas exploration and will affect our Members unfavorably. As a voice for the drilling industry, IADC looks forward to collaborating with industry stakeholders in providing feedback to BLM in order to seek balance in how this ruling is developed.”
