Jan 30, 2017 IPAA Urges President Trump to Return FERC to a Quorum
Commissioners needed to advance the nation’s critical energy infrastructure projects.
WASHINGTON, D.C. – Representing the independent producers that develop 90 percent of America’s oil and natural gas wells, Independent Petroleum Association of America (IPAA) President and CEO Barry Russell today sent a letter to President Donald Trump urging him to expeditiously submit nominees to fill the open seats on the Federal Energy Regulatory Commission (FERC) and return the Commission to a quorum.
“IPAA strongly supports the intent and the actions of the Trump Administration to ‘allow vital energy infrastructure projects…to move forward.’ The Administration’s actions to move forward on the Keystone XL and Dakota Access pipelines demonstrate its commitment to expand America’s energy infrastructure. Similarly, continued development of America’s natural gas resources is dependent on the consistent, independent work performed by the Commission. Without a quorum, the Commission will be hamstrung in approving vital interstate natural gas pipelines that have already completed environmental review. The absence of a quorum also injects uncertainty into financial markets that are a key component to development of needed infrastructure,” writes Russell in the letter.
Three commissioners are needed for the independent agency to establish a quorum.
Click here to read the entire letter to President Trump.
About the Independent Petroleum Association of America
The Independent Petroleum Association of America (IPAA) is a national upstream trade association representing thousands of independent oil and natural gas producers and service companies across the United States. Independent producers develop 90 percent of the nation’s oil and natural gas wells. These companies account for 54 percent of America’s oil production, 85 percent of its natural gas production, and support over 2.1 million American jobs. Learn more about IPAA by visiting www.ipaa.org and following @IPAAaccess on Twitter.