Watching Government: Survey shows policy impacts

Increasingly restrictive federal land policies are reducing activity in the Rocky Mountains, the Independent Petroleum Association of Mountain States said. A recent survey of its members shows how, and by how much.Of the 35 respondents, 73% said their company has reduced its capital spending plans in the region, IPAMS says. The responses indicate that the Rockies have lost $1.1 billion of expenditures that were either cut or moved to Arkansas, Kansas, Louisiana, Pennsylvania, Texas, Canada, and elsewhere. Respondents also said they would be spending another $2.8 billion if federal constraints were absent in the Rockies.The survey also found that 73% of the respondents moved investments fr...

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