Jan 29, 2020 USMCA is good news for U.S. independent oil and natural gas producers
WASHINGTON, D.C. – Representing the independent producers that develop 91 percent of America’s oil and natural gas wells, Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued the following statement on President Trump signing the United States-Mexico-Canada Agreement (USMCA):
“The terms of the USMCA signed today by President Trump are good news for U.S. independent oil and natural gas producers. Free trade helps not only our industry, but the U.S. economy as whole. At a time when oil and natural gas production is increasing, we have the best high growth outlets we could ask for in our neighbors Mexico and Canada. In 2018, the two countries were responsible for 75% of American natural gas exports and about 30% of petroleum exports. We appreciate the bipartisan action on this agreement that will enhance our country’s status as an energy leader and benefit U.S. workers and consumers.”
