Michigan Oil and Gas Association
  • Membership
    • Renew Membership
    • Join MOGA
    • Member Login
  • Events
    • Calendar
    • Sponsorship
    • Event Photos
  • Advocacy
    • Scholarship
    • Education >
      • Fact Sheets
      • Michigan Natural Resources Trust Fund
      • Education Endowment
    • State Issues
    • Federal Issues >
      • Inflation Reduction Act
    • Resources
    • Archives
  • About Us
    • Our Team
    • Contact Us
  • MOGN
    • Petroleum Directory >
      • 2023-2024 Petroleum Directory
    • Michigan Oil & Gas Story: County by County

Inflation Reduction Act

IPAA Assessment of Methane Tax and Federal Lands Provisions in Inflation Reduction Act
On August 18, 2022, the IPAA issued two assessments on the Inflation Reduction Act that was passed into law recently, related to methane tax and federal lands issues.
In short, IPAA President & CEO Barry Russel said, “While there is some good in the reconciliation bill, including provisions that help offshore energy production and facilitate carbon capture development, the bill will harm the ability of America’s oil and natural gas producers to successfully operate to their potential.”
Issues from the IRA that IPAA noted:
  • Methane tax singles out the oil and gas industry
  • Creates disincentives to oil and natural gas production on federal lands at a time when our country needs more energy, not less
  • IRA adds costs and regulations to producers instead of taking actions to support American energy production
  • Exacerbate supply concerns at a time of high crude and gasoline prices
Below are links to the full assessments from the IPAA on the methane tax and federal lands and waters provisions in the legislation:
Methane Tax
Federal Lands and Waters
MOGA will be providing more opportunities and information for members on the Inflation Reduction Act and how it impacts your business. 

 Michigan Oil and Gas Association.  All Rights Reserved.
124 W Allegan St., Ste 1610  |  Lansing, MI 48933
Phone: (517) 487-1092 | [email protected] | sitemap
Picture
  • Membership
    • Renew Membership
    • Join MOGA
    • Member Login
  • Events
    • Calendar
    • Sponsorship
    • Event Photos
  • Advocacy
    • Scholarship
    • Education >
      • Fact Sheets
      • Michigan Natural Resources Trust Fund
      • Education Endowment
    • State Issues
    • Federal Issues >
      • Inflation Reduction Act
    • Resources
    • Archives
  • About Us
    • Our Team
    • Contact Us
  • MOGN
    • Petroleum Directory >
      • 2023-2024 Petroleum Directory
    • Michigan Oil & Gas Story: County by County