Never fear, there's a committee working on it. Keep in mind, this is just a FIRST GLIMPSE, more work is yet to be done. 80)
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After you get past the sound and fury the regulations on Federal lands don't sound all that bad to me. The vast majority of taxpayers want fracking fluids disclosed. The well casing regs don't sound that onerous either. However, I don't work in the field. How much realistically would that hamper producers?
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How much different are these new fracking rules than those proposed in Texas?
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Under the draft proposal:
The feds are stupid. They worry about all that crap then will turn around and grant a lease for 10 years paid up term with 1/8 royalty for $4.38 per acre bonus.
sesport I ain't gonna read all that stuff because it would make me want to puke. My post is true it is the real deal of a fed gov OGML in DeSoto Parish. If I remember correctly the property was West of Mansfield and South of Hwy 84. I can't remember if the total acerage was 40 or 80 but if it was 80 acres you can cut the above mentioned bonus in half. This property belongs to me and you and all US citizens. Do you want someone to negotiate your lease that isn't concerned about the money or Pugh Clauses? Would you grant a lease for 10 years paid up with 1/8 royalty for $4.38 or $2.19 per acre bonus? We are getting screwed and someone at BLM is probably getting something under the table. The feds would be better off if they let Louisiana DNR negotiate for them but we know that will never happen. If all they want is discloser of stuff in frac fluid and casing pressure tests then that should be a no brainer for O&G, as long as the previous terms dictate the lease.
I think I would take a look at the press releases such as the one attached before making such a statement. Looks like the State takes home a good piece of the pie. Other press releases concerning other open bid sales are available @ es.blm.gov.
FYI, the water source is already coming up and BLM typically wants to know how the water will be handled. Their O&G folks are smart enough to know what is in the water.
The only new things appear to be pressure testing the casing - that may be a good thing and is probably not particularly expensive once you've got pressure pumps on the site. The other, is of course, monitoring the pressure. IMHO, fairly reasonable, but most of the change is for PR.
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