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Mike Linn, IPAA Chairman Barry Russell, IPAA President. Independents: The Backbone of the Industry Drill 90% of U.S. Wells Account for 68% of U.S. Oil and 82% of U.S. Natural Gas Production Hold 90% of OCS Leases in the Gulf of Mexico. Independents: The Backbone of the Industry - PowerPoint PPT Presentation
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Mike Linn, IPAA ChairmanMike Linn, IPAA ChairmanBarry Russell, IPAA PresidentBarry Russell, IPAA President
Independents: The Backbone of the Industry
•Drill 90% of U.S. Wells
•Account for 68% of U.S. Oil and 82% of U.S. Natural Gas Production
•Hold 90% of OCS Leases in the Gulf of Mexico
Independents:
The Backbone of the Industry
• Independents reinvest 150 percent of domestic cashflow into U.S. projects.
• Independents boosted gas production in 2005 by 0.8%; supermajors declined 7.6% (mainly because of hurricanes).
Independents Need Access
• OCS off limits gas could heat 100 million homes for 60 years (300 Tcf).
• OCS oil could replace Persian Gulf imports for next 59 years (50 billion bbl).
IPAA to Washington:
DO NO HARM.
• Windfall Profits Tax (6% of domestic oil lost; 16% increase in imports)
• More Access Needed
• Fund Federal Programs – R&D, Federal Agencies
Additional Priorities
• Royalty Fairness• Workforce• Education• Elections
MEDIA RELATIONS
Our communications messages have appeared in major newspapers and industry trade journals 15 days per month on average for the past 6 months.
Public Policy• Windfall Profits Tax Debate•State of the Union (CNBC / NYT)•President’s Budget Proposal (CNN)•Royalty Incentives (New York Times)
Industry Education•Supply and Demand Trends•Oil and Gas Industry in Your State•OGIS (CNBC)•Research magazine•Workforce
MEDIA RELATIONS
Media Monitoring and Outreach
Letters to the Editor
Opinion-Editorials
Press Releases
Current Events
Information
MEDIA RELATIONS
Millions of Americans Have Heard from IPAA…
INDUSTRY OUTREACH
Association Outreach
Rocky Mountain Coordination Council with Co-ops
Speeches Cooperating Associations
Rotary and Church Groups
Agriculture and Consumer Groups
Community Voices Launched 50 Volunteers with Co-op input
Hundreds of Op-Ed Articles Distributed Nationwide
INDUSTRY OUTREACH
Program ExampleKansas (KIOGA’s Ed Cross)
• Kansas City-Star• Topeka Capitol Journal• Chanute Tribune• Great Bend Tribune• Garden City Telegram• Dodge City Daily Globe• Hays Daily News• Liberal• Pratt Tribune• Silver Lake
…AND HUNDREDS OF OTHER NEWSPAPERS NATIONWIDE!
…Even Here in Florida!We need a breakSaturday, May 20, 2006 NAPLES DAILY NEWS
Editor, Daily News: I applaud those members of Congress endorsing natural gas exploration in the outer continental shelf (OCS) and in the area known as Lease Sale 181. In the midst of an energy crisis, our nation must develop energy supplies in environmentally responsible ways right here in America. This cannot be done by denying access to much of the country's offshore oil and gas resources. The nation's most abundant natural gas supplies are located under non-park, non-wilderness federal lands, most notably in the OCS, which have been virtually locked up and remain off-limits because of outdated government restrictions, moratoriums and frivolous lawsuits by activist groups. Restrictions, bans and bureaucratic delays are weakening our nation's industrial base, negatively impacting our economy in the form of higher prices and causing the loss of millions of domestic manufacturing jobs. America's energy and economic problems should provide enough motivation for Congress and the president to form a consensus on a clear-cut, inclusive and long-term solution. Ignoring great resources, such as the OCS and Lease Sale 181, will do nothing but prolong America's energy hangover.
Michael Linn , Naples and Pittsburgh Chairman, Independent Petroleum Association of America
MEMBER COMMUNICATIONS
Information
Redesigned website launched
New Activities Update from Barry Russell
Weekly Washington Report
A new membership directory
IPAA Grassroots Network grows to 50,000+ members with “Action Alerts” on key legislative and regulatory issues.
Communications with PolicymakersNational Journal’s Policy Council
BUSINESS DEVELOPMENT
Meetings and Receptions Expanded Nationwide…
• Tulsa• Fort Worth• Houston• Nashville• Denver
• Louisiana• Pittsburgh
• New York/Ontario
BUSINESS DEVELOPMENT
• Houston• Dallas
• Traverse City, Michigan• Denver
• California• Louisiana• Oklahoma
Mike Linn, IPAA ChairmanMike Linn, IPAA ChairmanBarry Russell, IPAA PresidentBarry Russell, IPAA President