Media Releases

Media Releases & Statements

Media Releases

20 January 2021

IADC Welcomes Collaboration with New Administration

International Association of Drilling Contractors (IADC) President Jason McFarland issued the following statement in light of Joseph R. Biden’s inauguration as the 46th President of the United States of America: “The International Association of Drilling Contractors is ready to begin working with the new Administration to ensure forthcoming policy developments aim to safeguard America’s energy independence as well as promote its energy workforce.
9 September 2020

Offshore Drilling Moratorium Extension a Step Backward for U.S. Energy

The International Association of Drilling Contractors (IADC) issued the following statement in response to the Trump Administration’s announcement regarding the 10-year extension of the moratorium in the Eastern Gulf of Mexico and expansion to the South Atlantic: “IADC believes these waters can be developed safely and in an environmentally responsible manner. A ban on responsible energy development unnecessarily impedes the United States’ energy leadership position and diminishes national security. It reduces the return to the taxpayers for responsible production of our nation’s natural resources.
29 July 2020

President Trump Visits IADC Member Drilling Rig in Permian Basin

Today President Trump visited the drilling rig of an IADC Member, Latshaw Drilling, one of the largest privately held drilling contractors in the United States. Mr. Latshaw was awarded the IADC Drilling Contractor of the Year award in 2018 – an award that recognizes outstanding lifetime achievements in technical innovation, safety and economic efficiency within the drilling industry...
16 June 2020

Jobs, Lost Wages and Revenue Loss; COVID-19 Ravages U.S. Energy Industry

Today, the House Energy & Commerce Subcommittee and the Senate Energy and Natural Resources Committee each hosted hearings focused on the ways that the COVID-19 pandemic has impacted the energy industry in the U.S. In response, IADC President Jason McFarland issued the following statement: “COVID-19 has hit IADC’s membership particularly hard. Since mid-March, more than 65% of all U.S. land rigs and 34% of offshore rigs have been idled due to loss of demand. Restrictions from COVID-19 combined with the flooding of the oil market by America’s adversaries has resulted in one of this industry’s worst periods of job and revenue loss.
27 March 2020

CARES Act to Inject Needed Relief for Small Businesses, U.S. Industries

In response to the U.S. Senate passage of the Coronavirus Aid, Relief and Economic Security (CARES) Act, International Association of Drilling Contractors (IADC) President Jason McFarland issued the following statement: "The COVID-19 pandemic, along with the collapse of worldwide oil markets and hardships across both the U.S. and global economies, has necessitated a government response that rises to the challenge of the crisis. Enactment of the CARES Act, expected on Friday, benefits the U.S. economy and the millions of Americans who work in the industries vital to this country’s success...
27 January 2020

IADC Supports Senate Passage of USMCA

In response to today’s Senate vote to advance the United States, Mexico, Canada Agreement (USMCA) trade deal, IADC President Jason McFarland said: “The Senate’s vote today to advance the USMCA trade deal is good news for the economies of the United States, Mexico and Canada.
11 April 2019

IADC Praises Senate Confirmation of David Bernhardt as Secretary of Interior

Today, the Senate confirmed David Bernhardt to lead the Department of Interior. In response, IADC President Jason McFarland issued the following statement: “As Secretary of the Interior, David Bernhardt’s mandate will be to develop the tremendous natural resources within the U.S., and to ensure that this is done in a safe and environmentally sound manner. The oil and gas industry in the U.S. employs an average of more than 540,000 people, generating more than $61 billion in wages and...