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IPAA joins 25 oil and gas associations urging action on “unfair, unworkable, uneconomic” methane regulations

IPAA

(WO) – On Friday, the Independent Petroleum Association (IPAA) and 25 other state, regional and national oil and gas associations wrote to congressional leadership urging action on methane regulations that could have a detrimental impact on our nation’s energy supply.

In their letter, the groups express “serious concerns regarding the impact of the Environmental Protection Agency’s (EPA) new methane emissions regulations (Subparts OOOOb and OOOOc) and the Methane Emissions Reduction Program (Methane Tax) on oil and gas marginal well owners. Both actions threaten marginal wells continued operations by creating unfair, unworkable, and uneconomic regulations. These small business energy producers need assistance to find a regulatory or legislative solution to mitigate these threats.”

The letter provides definitions and information on the impact to producers in the following areas:

“Collectively, the Subpart OOOOc regulations and the Methane Tax pose serious and direct threats to hundreds of thousands of marginal wells,” said the energy producer associations in the letter. “These threats have not been remotely addressed in the current regulatory actions completed or pending at EPA. Congress needs to step up and step in to prevent irresponsible agency actions that would savage the nation’s marginal oil and gas wells.”

Full list of letter signees:

The Independent Petroleum Association of America (IPAA) is a national upstream trade association representing thousands of independent oil and gas producers and service companies across the United States. Independent producers develop 91% of the nation’s oil and gas wells. These companies account for 83% of America’s oil production, 90% of its natural gas and natural gas liquids (NGL) production, and support over 4.5 million American jobs.

Source: Worldoil.com

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