August 29, 2019 (EPA & IPANM) – Today, the EPA proposed updates to the prior administration’s national standards for the oil and natural gas industry. The proposal would remove regulatory duplication and save the industry millions of dollars in compliance costs each year – while maintaining health and environmental regulations on oil and gas sources that the agency considers appropriate.
Today’s proposal is the result of EPA’s review of the 2016 New Source Performance Standards (NSPS) for the oil and natural gas industry, which was conducted in response to President Trump’s Executive Order 13783 – Promoting Energy Independence and Economic Growth. That order directs agencies to review existing regulations that potentially “burden the development or use of domestically produced energy resources,” including oil and natural gas.
IPANM has previously submitted federal comments encouraging a reduction on the regulatory burden on independent operators due to duplicative regulations on Federal Lands. Today’s move by the EPA is strongly supported by IPANM.
For more information, see today’s NEWS RELEASE from the EPA.
The Independent Petroleum Association of America (IPAA) has also since released an excellent synopsis of the what the changes mean for independent producers.
