Sense. Cruz, Marshall and their colleagues fight to protect small energy producers
WASHINGTON DC – United States Sens. Ted Cruz (R-Texas), Roger Marshall (R-Kan.), Jerry Moran (R-Kan.), James Lankford (R-Okla.), Steve Daines (R-Mont.) And Jim Inhofe (R-Okla.) .) introduced the Marginal Well Protection Act this week to prevent the Environmental Protection Agency (EPA) from charging excessive methane emission fees for wells that produce less than 15 barrels of oil and less than 90 Mcf (90,000 cubic feet) of natural gas per day. Marginal wells are small, often family-owned, wells with about 15 or fewer employees. These wells produce nearly 7.5% of all US oil production.
During the introduction, Senator Cruz said:
âAs Americans suffer from high prices due to President Biden’s anti-fossil policies and the inflation crisis, the administration’s efforts to implement more inefficient and unnecessary regulatory burdens will only cripple Texas marginal wells, which are often small operations, that produce the clean, reliable power America needs. I am proud to join Senator Marshall on this legislation to help lower energy costs by cutting red tape and freeing the thriving oil and gas industry from the Lone Star State.
Senator Marshall said:
âThousands of Kansans depend on our oil and gas industry to support their families, and small producers simply cannot afford the financial burden that comes with excess emission costs. I am proud to lead this legislation that protects the small fringe sinks of the Democrats’ war on America’s oil and gas industry, and I will continue to fight to restore our country’s energy independence despite President Biden’s disastrous policies.
Senator Lankford said:
âBiden has made it clear that he wants to get rid of high paying energy jobs to force his radical climate change agenda,â Lankford said. âMany Oklahoma residents are involved in small-scale oil and gas production that Democrats in Congress are proposing to punish with a job-killing methane fine. My colleagues and I want to make sure that we protect our American energy independence, especially small oil and gas operations, from the crushing methane royalties. If the Biden administration is successful in killing small oil and gas producers, our nation will have to buy more oil and gas from abroad to meet our domestic energy needs. An American president should prefer American jobs. Sadly, this president would rather we beg for more oil from OPEC and Russia than to unleash US energy production. ”
Senator Daines said:
âOn day one, President Biden declared war on Made in Montana energy, and now Montana small businesses and families are paying the price. This bill protects Montana’s small oil and gas companies from heavy fees and reports and supports Montana jobs and communities. I will continue to fight Biden’s anti-energy policies and fight for Montana energy.
Senator Moran said:
“Rather than trying to increase energy production here in the United States and fight rising energy prices, the Biden administration is obsessed with limiting domestic production of oil and gas . This legislation will protect small wells, which often belong to families, from excessive and punitive charges, protecting Kansas producers and helping the United States become more energy independent.
Senator Inhofe added:
âFringe wells make up the overwhelming majority of Oklahoma’s oil and natural gas wells. These producers are essential to our economy and to the continued well-being and financial security of so many families and businesses. The owners of marginal wells are often small family businesses that should not be hit with the high and unprecedented âfeesâ that are in effect new taxes on oil and gas. However, that is exactly what the Biden administration and the Democrats are planning to do: impose hefty royalties on methane emissions that would be detrimental to countless American companies. That is why I introduced the Marginal Well Protection Act alongside Senator Marshall, which would prevent the entry into force of this significant tax increase on the vast majority of oil and gas producers.