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:
Dear Ms. Spence: The Gulf Energy Alliance (“GEA”), the Independent Petroleum Association of America (“IPAA”), the U.S. Oil and Gas Association (“USOGA”), the Southeast Oil and Gas Association (“SOGA”), the Mississippi Energy Institute (“MEI”), and the Louisiana Oil and Gas Association (“LOGA”) respectfully submit the......
07 September, 2023Dear Mr. President: The undersigned trade associations, representing every aspect of the American offshore oil and natural gas industry, strongly urge the Biden Administration to finalize a new National Outer Continental Shelf Oil and Gas Leasing Program (five-year leasing program) that includes the 11 lease......
01 August, 2023