IADC Welcomes Revised BLM Rule
IADC Welcomes Revised BLM Rule
Today’s Interior announcement is gratifying in that industry concerns have been heard and the resulting regulation encourages energy development while still remaining vigilant about protecting the environment from unnecessary methane emissions.
IADC Welcomes Revised BLM Rule
Houston (18 September 2018) – In response to the Bureau of Land Management’s (BLM) announcement today to finalize changes to the Methane and Waste Prevention Rule, IADC President Jason McFarland issued the following statement:
“Since the rule was first issued in 2016, IADC contended that the regulation would have the unintended impact of fewer jobs, higher costs for consumers, less energy security and less federal revenue for the United States. Today’s Interior announcement is gratifying in that industry concerns have been heard and the resulting regulation encourages energy development while still remaining vigilant about protecting the environment from unnecessary methane emissions. The reality is that energy companies always prefer to capture valuable natural gas than flare it off, and since 2005, emissions have actually declined by 38%, even as production has boomed. This speaks to the commitment by our industry to continuously improve the advancement of environmentally sound operations.”
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 IADC at www.iadc.org and www.DrillingContractor.org.