EnergyNet proudly supports the IPAA in its efforts to advocate on behalf of the domestic oil and natural gas industry.
The Independent Petroleum Association of America (IPAA) has represented independent oil and natural gas producers for more than 90 years. On June 10, 1929, President Herbert Hoover called a national and state conference to discuss and formulate a practical program for the conservation of America's natural petroleum resources. At that historic meeting at The Broadmoor hotel in Colorado Springs, Colorado, oil operators, royalty owners, and landowners alike formed a new national association, the Independent Petroleum Association of America.
Today IPAA is headquartered in Washington, D.C. where the association serves as an informed voice for the exploration and production segment of the industry and advocates its members' views before the United States Congress, The White House, and federal agencies. IPAA represents the thousands of independent oil and natural gas producers and service companies across the United States. America's independent producers develop 91 percent of the nation's oil and natural gas wells. These companies account for 83 percent of America's oil production, 90 percent of its natural gas and natural gas liquids (NGL) production, and support over 4.5 million American jobs. A recent analysis has shown that independent producers are investing 150 percent of their U.S. cash flow back into American oil and natural gas development to enhance their already aggressive efforts to find and produce more energy.
IPAA hosts business development and networking opportunities for its members throughout the year and has a very active Educational Foundation. Since 2006, the IPAA Energy Workforce Education Center has inspired students in enhanced STEM curriculum and has prepared the next generation for successful careers in our industry.
The Independent Petroleum Association of America is dedicated to ensuring a strong, viable domestic oil and natural gas industry, recognizing that an adequate and secure supply of energy is essential to the national economy.
Your business and the entire oil and gas industry are under attack from anti-development groups and misguided federal policymakers. With today's challenging political landscape, the industry needs your support now, more than ever before, to increase our voice and create a unified advocacy front.
This is a crucial time for the American energy industry and with a concentrated voice, the Independent Petroleum Association of America (IPAA) continues to affect legislative and regulatory policy decisions that threaten to hinder industry growth. Be it efforts to eliminate tax incentives for our industry, hydraulic fracturing attacks, limiting access to public lands, making hedging more costly for commodity producers, hindering offshore development, or EPA initiatives, IPAA is in your corner making a difference.
IPAA's efforts are diverse and extensive by design, and we have been active in major advocacy efforts for years and in some cases, decades.
IPAA has been vigilant and assertive on behalf of independent producers since 1929, and our mission continues. The industry continues to be a target in Washington. IPAA helps score significant victories in Congress and the Administration, and your support makes these important accomplishments possible. IPAA quells innumerable efforts to implement harmful provisions against American production and independent producers and will continue working closely with all federal policymakers as future laws and regulations are considered.
Representation of your interests in Washington is top priority, but IPAA membership is about more than fighting issues in Washington. It is also the opportunity to present our industry in the best light to the capital markets such as orientation of private equity resources toward financing independent producers. IPAA is the most active voice in presenting the independent oil and natural gas industry's positions and analysis to the media and the public.