Federal Fracturing Rule Carries Hefty Price, Industry Groups Say

Posted by Fuel Fix: Simone Sebastian on July 23rd, 2013
Fuel Fix: The Obama administration`s proposed rules on hydraulic fracturing would cost an average $96,913 per well, according to a study commissioned by two oil industry groups. The Western Energy Alliance and the Independent Petroleum Association of America say the new federal standards for drilling new oil and natural gas wells on public lands would cost a total of $345 million a year, if applied to all 3,566 projects that could be affected by the rules. Conducted by John Dunham and Associates, the study......

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