Mar 6, 2024 Dan Naatz Testimony for House Natural Resources Committee Legislative Hearing on H.R. 7375 and H.R. 7377
Submitted testimony of Daniel T. Naatz, Chief Operating Officer and Executive Vice President of the Independent Petroleum Association of America (IPAA) regarding the House of Committee on Natural Resources Subcommittee on Energy and Mineral Resources Legislative Hearing on H.R. 7375 and H.R. 7377 on the afternoon of Wednesday, March 6, 2024.
Good afternoon, Chairman Stauber, Ranking Member Ocasio-Cortez, and members of the Subcommittee on Energy and Mineral Resources. My name is Dan Naatz. I am the Chief Operating Officer of the Independent Petroleum Association of America (IPAA), and I am here today to testify in support of H.R. 7375 sponsored by Representative Hageman, and H.R. 7377, the “Royalty Resiliency Act” sponsored by Representative Hunt. …
I want to thank the Chairman for holding this hearing today on two commonsense legislative proposals that will positively impact IPAA members who operate on federal lands. H.R. 7375 and H.R. 7377 bring much-needed changes and clarifications to the leasing and royalty gathering process for oil and natural gas exploration and development activities on federal lands, providing great equitability to the lessees. …
