National Stripper Well Association

National Stripper Well Association Chairwoman Darlene Wallace said the small businesses of the American oil and gas industry are looking at certain collapse if stripper wells are not exempted from the new methane rules.

National Stripper Well Association Chairwoman Darlene Wallace said the new rules, on top of historically low oil prices will cripple stripper and marginal well owners and operators.

S. 948, introduced by Senator James Inhofe (R-OK), proposes making permanent the suspension of the net income limitation on percentage depletion for oil and natural gas produced from marginal properties.

National Stripper Well Association Chairman Mike Cantrell said today we add our voice to the growing chorus of Americans calling on Congress to allow domestic energy producers to sell their products to America’s allies and the world.

Today, the National Stripper Well Association submitted a statement for the record to the Senate Energy and Natural Resources Committee in advance of a hearing on crude export policy, in support of U.S. energy producers, consumers and allies.

The President’s 2016 budget proposal, is no surprise, but completes the absolute ‘worst-case scenario’ for stripper well producers when combined with the crude oil price slump.

National Stripper Well Association Chairman Mike Cantrell said removing the percentage depletion deduction from the tax code would have unintended consequences for the nation’s economy by harming domestic energy small businesses and royalty owners.

Former Subcommittee Staff Director Tim Charters brings experience in governmental affairs and regulatory policy to NSWA’s greater 2015 presence in Washington, DC.