America’s independent oil and gas producers play an active role offshore. In fact, independent producers hold 80 percent of the Gulf of Mexico shallow-water leases and 75 percent of deepwater leases, accounting for 30 percent of the Gulf’s oil production. Independent producers operating offshore generated $38 billion in economic benefits, more than 200,000 jobs, and $10 billion in federal and state revenue and royalty payments in 2009, according to an IHS Global Insight study. 121,000 jobs were created by independent producers in the deepwater Gulf of Mexico alone. IPAA supports a pro-growth strategy for American offshore energy development, putting the United States on a path toward energy self-sustainability and positioning ourselves as a global leader on the international energy stage.
Learn more about what IPAA is working on regarding offshore energy below:
WASHINGTON – In a Senate Energy and Natural Resources Committee hearing today on offshore energy development, Amanda Lefton, Bureau of Ocean Energy Management Director, would not confirm that leasing will ever resume in the Gulf of Mexico, only that an interim report will be issued on federal leasing. IPAA issued the following statement on BOEM......13 May, 2021
IPAA and members look to coordinate and cooperate with regulators to find innovative solutions that address climate issues, management of methane and protect and reclaim federal lands WASHINGTON, D.C. – In advance of the Thursday, March 25 Department of Interior virtual forum regarding the federal oil and gas program,......24 March, 2021
This week, IPAA submitted formal comments to the Bureau of Ocean Energy Management (BOEM) rulemaking regarding offshore company financial assurance and bonding. While IPAA represents member companies that advocated for differing interests with this rule, we are ultimately glad to see the Administration try to......14 December, 2020
IPAA signed a National Ocean Policy Coalition-led letter to President-elect Biden requesting support for collaborative, transparent, and balanced multi-use ocean policies that support economic and environmental goals and help achieve mutual desires for greater economic prosperity and job creation. The letter was signed by 70......11 December, 2020
IPAA joined numerous offshore trade associations in supporting the Conservation Funding Protection Act, which aims to provide much needed certainty to help maintain robust domestic energy production in the Gulf of Mexico and shore up conservation programs. The bill was introduced by Sen. John Kennedy (R-La.) and co-sponsored......08 December, 2020