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IADC: Global Leadership, Global Challenges

Ensuring better regulation: IADC continues to engage Texas Railroad Commission on Rule 13

RRC Commissioner Christi Craddick (center) meets with Liz Craddock (from left), IADC VP – Policy and Government Affairs; Stephen Colville, IADC President/CEO; Mark Denkowski, IADC Executive VP – Operational Integrity; and Mike Garvin, Senior VP, Operations Support, for Patterson-UTI.

Securing better regulation is a key objective of IADC. Ensuring that any regulation is necessary, operationally appropriate and implementable, fit for purpose, affordable, and appropriate with no unforeseen consequences is key to the strategy of the association’s Policy, Government and Regulatory Affairs (PGRA) division.

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From the Chairman: Industry must focus on factors within our control to come out of difficult times stronger, better

Ed Jacob, 2015 IADC Chairman

We are approaching the one-year anniversary of the most recent market correction in our industry, slashing the active rig count by approximately 1,000 rigs over the same time last year. During the past year, I have witnessed numerous daily discussions regarding the price of oil and the price of natural gas, etc. There is no doubt that the commodity price is a key factor in our customers’ choices to invest through the drill bit, and the drilling activity that follows.

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