API hosts hydraulic fracturing workshop

PITTSBURGH, October 4, 2011 — A two-day hydraulic fracturing workshop began today in Pittsburgh for oil and natural gas industry experts, academics, federal and state officials and regulators. Attendees will discuss industry best practices, regulation, and information sharing related to hydraulic fracturing, a technology indispensable to shale oil and natural gas development. The API-hosted event is an unprecedented opportunity for attendees to learn first-hand from state regulators, industry and other experts involved in responsibly developing the vast natural gas resources in the Marcellus and other shale formations around the United States.

"Hydraulic fracturing and the development of shale energy are helping to change America's energy landscape for the better," Gerard said during his opening statement at the Commitment to Excellence in Hydraulic Fracturing workshop. "This revolution is already resulting in enormous economic growth and job creation in America.In Pennsylvania alone, development of the Marcellus shale created 72,000 new jobs from late 2009 to early 2011, and we're seeing similar results around the country."

API has issued "a set of five standards that specifically address hydraulic fracturing – from well construction and water management to surface impacts and environmental protection," Gerard said. "We even provide guidance for a company to consider on how to be a good neighbor. "Gerard emphasized that hydraulic fracturing is being employed safely and responsibly. "This conference is an example of many companies and industry organizations coming together to help raise the bar on safety," he said.

API is the recognized worldwide authority on oil and natural gas standards and recommended practices. For almost 90 years API has developed over 600 standards that promote reliability and safety through proven engineering practices covering all segments of the oil and natural gas industry. API's standards program is accredited by the American National Standards Institute – the same organization that accredits programs at U.S. national laboratories – and the API program undergoes regular independent audits to ensure compliance with ANSI rules.

Visit www.energyfromshale.org for more information.

See Jack Gerard's remarks (as prepared for delivery)

API represents more than 480 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.