“American energy dominance, economic prosperity and environmental safety are all inextricably linked. We must do everything we can to produce the energy we all rely upon each day, while safeguarding the communities and environments we all cherish. But doing so requires a smart regulatory framework that supports growth, not hinders it,” writes IPAA President and CEO Barry Russell.
The Independent Petroleum Association of America and the Western Energy Alliance yesterday moved to join the Bureau of Land Management in fending off new litigation from California and environmentalists seeking to revive the agency’s Obama-era fracking rule.
The savings expected under this week’s methane proposal are particularly meaningful for small producers, said Dan Naatz, senior vice president of government relations and political affairs for IPAA. “We welcome the opportunity to talk about reasonable development of oil and natural gas resources on federal lands,” he said. “We need to make sure, as we always have, that these activities are designed to protect the environment.”
“We’re not trying to push people into our industry,” said Anne Ford, executive director of the IPAA/PESA Energy Education Center, which partners with Houston ISD on the Energy Institute High School. “We’re trying to open their eyes to the opportunities in our industry, because it’s vast.”
Independent Petroleum Association of America Pres. Barry Russell said, “With new pipeline infrastructure, additional carbon reductions can be made and can benefit communities across America. Increased use of gas not only benefits the environment, but also provides national security and economic benefits, such as jobs and tax revenue.”
“For the first time in nearly a decade, the United States, under President Trump’s administration, has begun recognizing and utilizing our own energy resources as a strategic, American asset,” Independent Petroleum Association of America President and CEO Barry Russell said. “The impacts of America’s energy resurgence are being felt around the world.”
As divestment activists gear up for another year, it is important to keep in mind the ineffectiveness, cost, and ultimately counterproductive nature of this strategy, writes Jeff Eshelman, senior vice president for operations and public affairs of IPAA.
The Independent Petroleum Association of America will be listening for details on [the infrastructure] front, said spokesman Neal Kirby. “Energy infrastructure plays an important role in helping our member companies get their products safely and efficiently to new markets,” he said.
Industry groups that chafed under Obama’s regulations say they’re pleased with what Trump has achieved so far. “We were excited by what we saw in 2017,” said Dan Naatz, senior vice president of government relations and political affairs at IPAA. “The administration got off to a strong start in reshaping and rebalancing American energy development. It was a look at putting in thoughtful policies, in contrast to the challenges we faced in the Obama administration.”
According to a new survey of 3,000 pensioners from Spectrem Group, 88 percent of respondents believe their pension fund should be “focused on generating returns; it shouldn’t be making investment decisions on the basis of politics.” New York should listen to its pensioners and say no to this costly, empty gesture, or its retirees and taxpayers will be left to foot the bill, writes IPAA Senior Vice President Jeff Eshelman.
Entering 2018, even as it is seeing the benefits of relaxed regulation under a new administration, the US exploration and production industry nonetheless is facing significant challenges, Barry Russell, the leader of the Independent Petroleum Association of America said in an interview.
IPAA vice president Susan Ginsberg called FERC’s order “sound and in keeping with the overwhelming documentation submitted by a diverse group of interested parties. “Even the organized markets stated there is no grid reliability emergency,” Ginsberg said. “FERC took the reasonable, conservative approach to initiate a new proceeding to further evaluate the resilience of certain bulk power systems.”
Susan Ginsberg, the Independent Petroleum Association of America’s vice-president of oil and gas regulatory affairs, said the national organization of upstream independents found FERC’s reasoning and resulting order to be sound, and in keeping with the documentation submitted by a diverse group of interested parties.
The oil and gas industry, also championed by Trump, similarly feels let down by an administration it had hoped would strip away government interference, said Susan Ginsberg, a senior vice president of regulatory affairs for the Independent Petroleum Association of America, which represents small oil and gas companies.
The Independent Petroleum Association of America said opening new areas to leasing would increase knowledge about potential resources and help companies make decisions about where to invest while boosting development of America’s abundant energy resources.
Independent Petroleum Association of America Pres. Barry Russell said: “Expanding access to additional offshore reserves allows the US to better understand where production potential exists and where capital should be invested. Although this is just the first step in a long process, today’s proposal is exactly the signal industry needs to drive this work forward.”
The Trump administration proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production. Industry groups welcomed the announcement. “Expanding access to additional offshore reserves allows the United States to better understand where production potential exists and where capital should be invested,” said Independent Petroleum Association of America senior vice president Dan Naatz.
“The rescinding of this burdensome rule … will save our member companies and those operating on federal lands hundreds of millions of dollars in compliance costs without any corresponding safety benefits,” Barry Russell, president and CEO of the Independent Petroleum Association of America, said.
Divesting from fossil fuels has real costs for colleges like Johns Hopkins — endowment costs that are transferred to students with no benefit to the environment, writes IPAA Senior Vice President Jeff Eshelman.
“The rescinding of this burdensome rule, which was never enacted due to IPAA and Western Energy Alliance’s ongoing legal challenge, will save our member companies and those operating on federal lands hundreds of millions of dollars in compliance costs without any corresponding safety benefits,” IPAA President and CEO Barry Russell, said.