Feb 9, 2024 IPAA and Producer Associations Methane Letter to Congressional Leadership
“Dear Mr. Speaker, Leader Jeffries, Leader Schumer, and Leader McConnell:
This letter is submitted on behalf of the 26 organizations listed below. These organizations want to 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 natural 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 –
- Regulatory Applicability to Marginal Wells
- Subparts OOOOb and OOOOc
- The Methane Tax
“Collectively, the Subpart OOOOc regulations and the Methane Tax pose serious and direct threats to hundreds of thousands of marginal wells. 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 natural gas wells.”
