Administration move towards accelerated onshore review process sounds promising

Source: API

The American Petroleum Institute (API) said the Department of the Interior’s plans for a faster and automated review process for onshore oil and natural gas applications is promising but called for additional reforms.

“Today’s announcement sounds promising but additional reforms are needed,” said Erik Milito, upstream director at API. “We support any system that will ensure efficiency and a clear, consistent application process. Most important, the administration needs to significantly reduce the unnecessary multi-year timeframe for environmental reviews and open areas that remain off limits for responsible energy development.”

The Bureau of Land Management’s (BLM’s) own records confirm a slowdown in new leases, permits and wells drilled on BLM lands resulting from federal land energy policy, according to a study prepared for API in January, “Employment, Government Revenue, and Energy Security Impacts of Current Federal Lands Policy in the Western U.S.” The decline in leasing, permitting and drilling was nearly twice as great on federal lands, compared to non-federal lands in western states.

“We urge federal policymakers to establish a regulatory and fiscal environment in which producers can access and develop abundant western oil and natural gas resources,” said Milito. “We need to support America's homegrown energy, which can create jobs, increase government revenues, and strengthen our energy security.”

API represents more than 500 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 more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.

For the most up to date and in-depth information on the oil & gas market visit PennEnergy's comprehensive Research area to access industry focused Reports.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs