WASHINGTON, May 16, 2013 – Erik Milito, API director of upstream and industry operations questioned the Bureau of Land Management’s proposed rules regulating hydraulic fracturing on federally-controlled land. He said rigorous state rules and state-based tools, such as FracFocus.org, are already in place to ensure responsible oil and natural gas development.
“States have led the way in regulating hydraulic fracturing operations while protecting communities and the environment for decades. While changes to the proposed rule attempt to better acknowledge the state role, BLM has yet to answer the question why BLM is moving forward with these requirements in the first place.
“The production of oil and natural gas from shale and tight sand formations is the most significant development in U.S. energy in generations. Confusing the regulatory system would stand in way of economic growth, job creation and the opportunity to generate billions in revenue for federal, state and local governments.
“We urge the administration and Congress to take a close look at this and other regulatory actions regarding oil and natural gas development. Smart energy policy will position the U.S. to be the world leader in energy development and realize the economic and energy security benefits of that leadership.”
API is a national trade association that represents all segments of America’s technology-driven oil and natural gas industry. Its more than 500 members – including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms – provide most of the nation’s energy. The industry also supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers $85 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.