API: EPA's proposed emission rules would slow unconventional drilling

03/26/2012
New Source Performance Standards proposed by the US Environmental Protection Agency would slow drilling, resulting in less oil and natural gas production, lower royalties to the federal government, and lower tax payments to state governments, according to an American Petroleum Institute study. API commissioned the study, done by Advanced Resources International Inc. (ARI), based upon gas drilling levels from 6 months ago. Since then, some companies have reduced their levels of dry gas drilling. "EPA needs to fix these rules in a way that they'll reduce emissions but not impede oil and natural gas development," Howard Feldman, API director of scientific and regulatory affairs, to...
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