Compact Comments
November 2007

IOGCC Midyear Issues Summit

Prepare to join us in Calgary, Alberta, Canada this May for what promises to be an exciting and useful summit.

Alberta, Canada
Sheraton Suites Calgary
May 2 - 5, 2008

More information and online registration coming soon.
Don't forget to apply for a passport today. Estimated passport processing time is four to six weeks.

IOGCC International: Call for Committee Members

At various times over the history of the IOGCC, representatives from non-U.S. governments have attended and participated in commission meetings and other activities.

In 1995, the IOGCC decided unanimously to create IOGCC International. To date IOGCC has seven international affiliates: Alberta, Canada; Nova Scotia, Canada; Newfoundland and Labrador, Canada; Venezuela; Egypt; Republic of Georgia; and British Columbia, Canada.

The IOGCC International Committee was envisioned as a global group of government officials and representatives responsible for maximizing the benefit of their countries' energy resources through effective oversight of hydrocardon industry exploration and production operators, while protecting health, safety and the environment.

Those interested in becoming a member of the International Committee or that need additional information should contact Amy Wright, federal projects manager of the IOGCC at (405) 525-3556, ext. 117, or amy.wright@iogcc.state.ok.us.

On the Hill

By Kevin Bliss

Fall has finally arrived in Washington but there is not much to report from Capitol Hill in the energy arena. As of Thanksgiving, House and Senate leadership had postponed any attempt to pass energy legislation until December when they hope House-Senate conferees can agree on a number of contentious issues. These include vehicle fuel efficiency standards and a renewable fuels mandate. The news still appears rather dire for oil and natural gas as part of new tax incentives for renewable fuels contained in the bills are being funded by reduced incentives for oil and natural gas production.

In other news, on Nov. 6, 2007, the General Accounting Office, “the audit, evaluation and investigative arm of Congress,” concluded a review of the Oil and Natural Gas Research and Development (R&D) Program of the U.S. Department of Energy (DOE). The review was conducted at the request of Sen. Byron Dorgan of North Dakota, chairman of the Subcommittee on Energy and Water Development of the Senate Committee on Appropriations. Read the full GAO report.

The report found that oil and natural gas appropriations to DOE R&D programs has declined from approximately $162 million in fiscal year 1997 to about $14 million in fiscal year 2007. During this time such appropriations have resulted in expenditure on projects increasing exploration and production, addressing environmental protection, extending reservoir lives, developing gas hydrates and in development of such things as fuel cells and gas turbines. The GAO concluded that future DOE oil and natural gas R&D investment could result in increased domestic oil and natural gas production (especially from independent producers), reducing environmental impacts and developing such “game changing” technologies as gas hydrates and CO2 sequestration.

For the IOGCC, which has long supported DOE’s Fossil Energy R&D Program, there is some excellent information in the report that validates much of what the organization and the states have been saying over the years. The IOGCC encourages everyone to review the report and bring it to the attention of their Congressional delegation.

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