EOG says U.S. fracking rule to cost $1.5 billion a year

This is gonna be interesting!

From the Houston Chronicle's "Fuel Fix" 

http://fuelfix.com/blog/2012/09/07/eog-says-u-s-fracking-rule-to-co...

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Permalink Reply by dbob on September 7, 2012 at 14:02

Devil is in the details - and I can assure you that DOI has not currently have enough trained inspectors to read cement bond log, unless they pull them off other work.  If they are slow about it, rigs get to sit.  Your government at work.  

Why not make the companies run and evaluate the bond log prior to continuing drilling, and file a report of said log to BLM.  This makes the operator respond in the affirmative, but puts the company in control of how long a rig sits.  

Permalink Reply by JHH on September 7, 2012 at 14:10

We're from the government and we're here to help.  How will this affect drilling and regs. on privately owned lands.

Permalink Reply by dbob on September 7, 2012 at 14:14

no impact if private surface and minerals.  If US minerals are involved, I think they have to follow the rule.  

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