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: