As a new Congress begins – the 117th – NSWA has once again engaged Congressional leaders on key issues of importance to members. Earlier this month, several board members participated in a series of meetings – via ZOOM – over three days with key members of Congress and staff to discuss the importance of maintaining Percentage Depletion and Intangible Drilling Costs as well as NSWA members’ commitment to environmentally safe operations, including the managing of methane emissions.
Members and their staffs were urged to not give into the rhetoric of the day that percentage depletion and IDCs are tools of Big Oil, whose elimination would bring monies to the government with no harm to its beneficiaries.
Board members further discussed the important findings of the just-released NSWA study, highlighting the economic impacts of the loss of percentage depletion. NSWA board members met with: Sen. Roger Marshal (R-KS), Rep. Ron Estes (R-KS), staffs of the tax writing committees – House Ways and Means and Senate Finance – as well as key members of those committees, and other representatives important to NSWA, including Reps. Stephanie Bice (R-OK) and Rep. Kevin Hern (R-OK).
Additional meetings are planned for later in the Spring and Summer, as well as ongoing representation and outreach by Chris Kearney, our VP for governmental affairs. NSWA is committed to continuously and actively engaging with members of Congress on issues of importance to our membership.