IPAA Statement on NPC Natural Gas Report

WASHINGTON - The Independent Petroleum Association of America (IPAA) released the following statement from President and CEO Jeff Eshelman on the new National Petroleum Council (NPC) report on reducing greenhouse gas emissions from the natural gas supply chain being presented today to Department of Energy Secretary Granholm:

"IPAA welcomes the work done by the National Petroleum Council and participating companies, organizations and associations to prepare this important report for Energy Secretary Granholm. IPAA values that the Council sought insight from smaller oil and natural gas producers as NPC built the study, and IPAA looks forward to sharing the report's finding and recommendations with its members and partner state and regional oil and natural gas associations.

"IPAA appreciates that the NPC report makes a number of useful recommendations regarding actions that could assist smaller oil and natural gas producers. However, one issue that the report does not address is the need for a regulatory structure designed specifically for small oil and natural gas wells. IPAA's members are making constant improvements to the technology being used to reduce, measure and report on emissions. The industry recognizes the need for environmentally sound, cost-effective regulations to manage industry emissions and it continues to seek a regulatory pathway designed for the sources being regulated. Big new oil and natural gas wells and low producing older wells have differing emissions profiles. IPAA has met with and will continue to meet with the Biden Administration to encourage practical initiatives to reduce methane emissions."