oil industry fracking standards News

U.S. drillers already reeling from a six- month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit. After three years of debate, the U.S. Interior Department said Friday that …

An oil industry lobbying group this week unveiled voluntary standards aimed at tamping down concerns about the oil and gas production process known as horizontal drilling, or fracking, in communities around the United States. The American Petroleum Institute said it …