BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_Apr-May17

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 15 Connecting the energy industry safely and eciently through innovative digital technologies. Interactive platform designed to maximize eciencies. www.livecardmedia.com Live Card Media is a tool specically designed to connect suppliers to operators organically across all levels from eld to corporate in the Oil & Gas industry. Welcome to Phase 1 Benets Visibility Interactivity Simplicity Easely create a prole that can be seen by every major operator 24/7 and by the right people within Ability to engage with the operator base and exchange information safely and securely with our proprietary technology Friendly, easy to use, intuitive. No instructions needed. To learn more visit us at: ➤ continued from pg 14 of federal regulations that have directly targeted oil and natural gas producers over the last eight years. Industry innovation, not regulation, has already dramatically re- duced emissions. Reports from the EPA indicate that methane emissions fell by 13 percent from 2011—2014, during a time when natural gas production increased significantly. In addition, methane emissions from hydraulic fracturing fell 81 percent be- tween 2012 and 2014. In 2012 alone, the EPA reports that vol- untary measures by the industry to reduce methane emissions amount to the equivalent of $264 million in additional revenue. Montana's oil and natural gas producers are a major driver of the state's economy, providing the thousands of jobs and billions in wages. The industry yields millions in revenue to fund schools, in- frastructure projects, and even groundwater testing and monitor- ing. Most poignant of all, Montana has an environmental record which proves that petroleum production can co-exist alongside agriculture, tourism, and every other major revenue generating industry in this state. It's time to unravel the anti-oil policies of the former "keep it in the ground" administration. It's time to do away with the BLM venting and flaring rule. It's time to unravel the anti-oil policies of the former administra- tion. It's time the BLM venting and flaring rule went up in smoke. ■ Jessica Sena is the Communications Advisor for the Montana Petroleum Association. The truth of the matter is that taxpayers, laborers, and local communities will lose out if the Senate can't muster the votes to repeal the rule. Increasing the cost of business unnecessarily will force companies to shut in wells or make cut backs. Com- pany budget cuts not only threaten the livelihoods of oil and natural gas workers, but they deter meaningful investments in beneficial improvements and expanded operations. If the rule moves forward, monies to state, local, and federal cof- fers will plummet along with production and royalty payments to mineral owners. As for the environment; repealing the BLM rule will do nothing to meaningful and necessary regulation to protect air quality and the environment. Federal agencies are not the only environmen- tal watchdogs. States also regulate their own oil and natural gas operations. The State of Montana already has rules for capturing emissions. They've been in place since 2011. Today, roughly 90 percent of all natural gas produced as a by-product of oil production is captured at the wellhead and shipped to market. Across the country, methane emissions from exploration and production activities represent just 1.07 percent of total GHG emissions in the U.S. According to EPA, the entire oil and natural gas industry repre- sents a mere 3.4 percent of total U.S. greenhouse gas (GHG) emissions. But you wouldn't know that judging by the onslaught

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