February 12

IPAA joins 25 oil and gas associations urging action on “unfair, unworkable, uneconomic” methane regulations

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(WO) – On Friday, the Independent Petroleum Association (IPAA) and 25 other state, regional and national oil and gas associations wrote to congressional leadership urging action on methane regulations that could have a detrimental impact on our nation’s energy supply.

In their letter, the groups express “serious concerns regarding the impact of the Environmental Protection Agency’s (EPA) new methane emissions regulations (Subparts OOOOb and OOOOc) and the Methane Emissions Reduction Program (Methane Tax) on oil and gas marginal well owners. Both actions threaten marginal wells continued operations by creating unfair, unworkable, and uneconomic regulations. These small business energy producers need assistance to find a regulatory or legislative solution to mitigate these threats.”

The letter provides definitions and information on the impact to producers in the following areas:

Regulatory Applicability to Marginal Wells
Subparts OOOOb and OOOOc
The Methane Tax

“Collectively, the Subpart OOOOc regulations and the Methane Tax pose serious and direct threats to hundreds of thousands of marginal wells,” said the energy producer associations in the letter. “These threats have not been remotely addressed in the current regulatory actions completed or pending at EPA. Congress needs to step up and step in to prevent irresponsible agency actions that would savage the nation’s marginal oil and gas wells.”

Full list of letter signees:

Independent Petroleum Association of America
Arkansas Independent Producers and Royalty Owners
California Independent Petroleum Association
Domestic Energy Producers Alliance
Energy Workforce and Technology Council
Gas and Oil Association of West Virginia
Independent Oil and Gas Association of New York
Independent Petroleum Association of New Mexico
Indiana Oil and Gas Association
Kansas Independent Oil and Gas Association
Kentucky Oil and Gas Association
Louisiana Oil and Gas Association
Michigan Oil and Gas Association
Montana Petroleum Association
National Stripper Well Association
Oil and Gas Workers Association
Oil Producers’ Alliance
Panhandle Producers and Royalty Owners
Pennsylvania Independent Oil and Gas Association
Permian Basin Petroleum Association
Petroleum Alliance of Oklahoma
Southeastern Ohio Oil and Gas Association
Texas Alliance of Energy Producers
Texas Independent Producers and Royalty Owners
Utah Petroleum Association
Western Energy Alliance

The Independent Petroleum Association of America (IPAA) is a national upstream trade association representing thousands of independent oil and gas producers and service companies across the United States. Independent producers develop 91% of the nation’s oil and gas wells. These companies account for 83% of America’s oil production, 90% of its natural gas and natural gas liquids (NGL) production, and support over 4.5 million American jobs.

Source: Worldoil.com

The post IPAA joins 25 oil and gas associations urging action on “unfair, unworkable, uneconomic” methane regulations appeared first on Energy News Beat.

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