API welcomes efforts to expedite oil and gas permitting

The API believes that streamlining permitting processes and decisions will improve confidence to invest in federal energy projects that will create jobs and benefit consumers.

API Upstream and Industry Operations Group Director, Erik Milito, said: “We applaud the administration’s steps to help strengthen the United States’ energy position […] A key component of a successful policy is repairing the federal permitting process so that companies have the confidence to invest and see their projects move forward.”

The API notes that oil and gas production on federal lands was flat or declining during 2010 – 2015, despite the fact that US production on private and state lands was up 55% (natural gas) and 113% (crude oil) in the same period, according to the Congressional Research Service.

Milito added: “Today’s action is an important recognition of the benefits of responsible development on federal lands, which make up nearly a third of US territory. We look forward to working with the administration on smart policies that unlock investment and improve regulatory uncertainty for businesses, and ensure environmental stewardship. We stand ready to work with the Department of the Interior to make this a reality.”

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10072017/api-welcomes-efforts-to-expedite-oil-and-gas-permitting/