Lloyd Hetrick, Newfield operations engineering advisor, testified on the future of hydraulic fracturing on federally-managed lands in a 2015 hearing of the U.S. House Committee on Natural Resources. He stated the future of oil and gas production on federal and Indian lands is uncertain as a result of the Bureau of Land Management’s proposed hydraulic fracturing rule and other complicating and costly air, water and species regulations.
“Every day, independent oil and gas companies like Newfield make key decisions on where to invest our drilling capital. We weigh not only the potential quantity and quality of resources available, but also the regulatory uncertainties that may impede our ability to bring those resources to market economically,” Hetrick said.
A federal court has struck down the BLM hydraulic fracturing rule.