AUSTIN -- The Texas Alliance of Energy Producers held a virtual meeting on May 20 to provide its members, and invited guests, an update on problem issues that the association is working to solve. Alliance Executive Vice President Karr Ingham moderated the one-hour event and discussed progress on the association’s initiatives with executive staff members from the U.S. Department of Energy.
The meeting provided updates and discussion on the following topics:
- U.S. federal response to COVID-19
- Nature of supply response in the U.S., compared to non-market-economy major producers
- DOE’s current assessment of crude oil supply and demand in the U.S., and globally
- State of the Texas industry, and the nature of production declines in Texas
- U.S. energy production and its place on the global stage, post-pandemic.
These issues, and their proposed solutions, will now be presented to U.S. Secretary of Energy Dan Brouillette.
Strategic Petroleum Reserve proposal. Most recently, a proposal was authored and submitted by the Alliance to the DOE, to explore the potential for additional purchases of Texas crude oil into the Strategic Petroleum Reserve. “The Alliance continues to work with Congress and the DOE to promote the domestic oil and gas industry,” said Ingham. “Purchasing U.S. oil for the SPR is good for the country and the energy industry.”
Produced water recommendations. The Alliance is also working to enact a sustainable produced water policy for the oil and gas industry. A white paper authored by Alliance staff provides facts and analysis that can be used by decision-makers, legislators and voters. The proposal stresses the value of increasing recycling and reuse of produced water. Analysis determined that recycled produced water reduces the need for fresh water for fracturing operations, and it actually works better than fresh water for stimulating shale and other formations.
Strategic goals. The Texas Alliance of Energy Producers’ officers, senior administrators, economists and governmental relations personnel are determined to stay apprised of rapidly evolving situations associated with the COVID-19pandemic. They will play an active role in developing and responding to any potential policy solutions that may emerge. The Alliance strives to stand in the gap for the Texas upstream industry, with focused attention on independent producers, service and drilling providers, and related industries.
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