Mark Murphy Testimony on Behalf of IPAA Before the Department of Commerce Public Hearing on The Emergency Oil Gas Guaranteed Loan Program Act of 1999

Mark Murphy Testimony on Behalf of IPAA Before the Department of Commerce Public Hearing on The Emergency Oil Gas Guaranteed Loan Program Act of 1999

I am Mark Murphy, president of Strata Production Company, which is headquartered in Roswell, New Mexico. Strata is a small independent oil and gas producer with 10 full time employees. I am here today to testify on behalf of the Independent Petroleum Association of America (IPAA) which represents the interests of our nation’s 7,000 independent producers which produce approximately 40 percent of America’s crude oil and 66 percent of America’s natural gas. I am also testifying on behalf of the National Stripper Well Association (NSWA), which represents the small business operators in the oil and natural gas industry, producers with low volume, high cost stripper or marginal oil and natural gas wells.

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