NAPE: Frac regulation
's 'worst threat' Washington
By OGJ editors
HOUSTON, Aug. 26 -- A move to regulate hydraulic fracturing federally is the “biggest threat our industry has ever seen in
Joel Noyes, IPAA director of government relations and industry affairs, expressed a low expectation for passage of most of the Obama administrations frenzied agenda, much of which contains negative provisions for oil and gas producers.
The atmosphere in
Ninety percent of wells are hydraulically fractured, some dozens of times, Vincent told the Summer NAPE E&P Forum in
Greater frac regulation is coming, predicted William Coates, president, Schlumberger Oilfield Services North America. The question is whether the industry can manage enough input that final rules are formed in a cooperative manner, he said.