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The federal government has issued its first rules designed to regulate the use of hydraulic fracturing on federal and Indian lands. These regulations will require the disclosure of the chemical additives used in the fracking process, specify construction standards for well casings and require drillers to test these casings prior to fracking, require drillers to submit geological information to the federal government, and regulate how wastewater from oil and natural gas production is stored.
Heartland Institute Research Fellows Isaac Orr and Bette Grande discuss the pro’s and con’s of the new regulations and discuss the projected costs of the new rules. One of the larger concerns of these new rules is an increase in the amount of time it takes to get the wells permitted, which can lead it increased costs to producers as they may have higher labor expenses if permits are not approved in a timely manner.