By Nick Snow
Two more business associations joined US independent oil and gas producers in telling the US Bureau of Land Management that proposed hydraulic fracturing regulations would needlessly increase working costs on federal onshore lands.
BLM has not even successfully made the case that federal fracing rules are necessary, the American Petroleum Institute and the US Chamber of Commerce’s Institute for 21st Century Energy separately said in Aug. 23 filings. It was the final day on which the US Department of the Interior agency accepted comments on its revised proposal.
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“While the revised rule does reduce economic impact, the rule fails to add environmental value commensurate with the cost,” said Karen A. Harbert, the institute’s president.
Read the full article at Penn Energy.