(World Oil) – Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill.
“House passage of this legislation is a significant milestone in advancing American energy dominance,” said NOIA President Erik Milito. “Many of the included provisions are vital to preserving the Gulf of America’s role as a strategic energy hub and reinforcing U.S. leadership in offshore energy.”
“As the Senate moves forward, we urge lawmakers to deliver a final, balanced reconciliation package that maintains essential offshore oil and gas measures while ensuring current offshore energy tax credits are protected from premature repeal or phase-out,” Milito continued.
“By preserving competitive tax policies, beginning to reverse the ‘methane fee,’ opening lease sales and advancing important progress on permitting, this historic legislation is a win for our nation’s energy future,” said American Petroleum Institute (API) President and CEO Mike Sommers. “We look forward to working with the Senate to strengthen pro-investment provisions and keep America at the forefront of energy innovation.”
“President Trump’s ‘One Big, Beautiful Bill’ is a win for American energy,” said IPAA President & CEO Jeff Eshelman. “Multiple House committees included language in the bill passed today that improves the ability of independent oil and natural gas producers to supply reliable, affordable energy to the American people.
Eshelman expressed discontent that the legislation does not include a full repeal of the methane tax, however. “We are disappointed that the legislation does not include a full repeal of the Methane Emissions Reduction Program (MERP) including the methane tax,” Eshelman said. “Included within the bill is a 10-year delay of the MERP, but IPAA has consistently urged, and will continue to argue, for a full repeal of the statute.”
