Houston, Texas (4 June 2015) – In response to today’s Environmental Protection Agency’s draft analysis, which found that hydraulic fracturing activities pose no widespread risk to drinking water, IADC President and CEO Stephen Colville issued the following statement:
“Hydraulic fracturing technology has dramatically increased accessible US oil and natural gas resources. The US is already benefiting greatly from enhanced energy security, investment spending, jobs, and taxes. Increasing use of natural gas in the utility sector will also greatly lower US CO2 emissions. The industry has always known that this way of tapping into our natural resources can be done safely, without damaging the site location, and with complete confidence in the integrity of drinking water sources. The future success of the U.S. Economy will rely directly on this technology for many decades to come. After years of unproven accusations that hydraulic fracturing harms drinking water, it is beyond time that the EPA puts these false and damaging accusations to rest.”
Since 1940, the International Association of Drilling Contractors (IADC) has exclusively represented the worldwide oil and gas drilling industry. IADC’s mission is to catalyze improved performance for the drilling industry by enhancing operational integrity and championing better regulation to facilitate safer, cleaner and more efficient drilling operations worldwide. For more information, visit the IADC website at www.iadc.org.