Houston, Texas (16 December 2015) – In response to today’s release of the Consolidated Appropriations bill, IADC issued the following statement:
“We are pleased that the Consolidated Appropriations bill incorporates language critical to helping our industry get back to business. Repealing the outdated crude oil export ban will help the U.S. supply the world market with safe and reliable oil while also bolstering production to fuel the U.S. economy. In addition, the bill prohibits funding for the Fish and Wildlife Service to issue further rules to place the greater sage-grouse on the Endangered Species List which ties up potential development of oil and gas leases, ”said Elizabeth Craddock, IADC Vice President, Policy and Government Affairs. “Particularly at a time of market correction in the oil and gas industry, these are very positive outcomes. IADC looks forward to seeing this bill passed by both Chambers this week and signed into law by the President.”
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.