IPAA Commends Trump Administration’s Offshore Five-Year Plan Draft

WASHINGTON – Today, Independent Petroleum Association of America (IPAA) President and CEO Edith Naegele issued the following statement in response to the release of the Bureau of Ocean Energy Management’s draft 11th National Outer Continental Shelf Program (Five–Year Plan):

“A robust Five–Year Plan is essential to U.S. national security needs as it reduces our dependence on foreign oil, ensures a stable domestic energy supply, and supports hundreds of thousands of direct and indirect jobs. Independent oil and natural gas producers commend the Trump Administration on its thoughtful first iteration of the national OCS oil and gas leasing program, commonly referred to as the Five–Year Plan. As designed by the Outer Continental Shelf Lands Act (OCSLA), Five–Year Plans have a vigorous multi-iteration development process with several steps for analysis and extensive public comment. IPAA strongly supports broad inclusion of all OCS areas to ensure areas of high interest make it into the final plan. This will ensure a competitive bidding process among producers which ensures a good return to the American people via billions of dollars paid annually to the U.S. Treasury.”