Regulations, Fines and Non-Attainment: It really affects more than the oil industry

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What do all of these regulations, taxes and changes mean? To an operator, a community and to regulators? There are significant unintended consequences that must be considered. How does this all affect the A&D market, operating a well, and trying to make money? What about enforcement? So many questions. Our guest, Steve Pruett, has answers and things to consider for all of these issues.

Steve Pruett is the President and Chief Executive Officer of Elevation Resources LLC, a Permian Basin focused exploration and production company which he co-founded in 2013. Further, he is the current Chair of the Independent Petroleum Association of America, a Washington, D.C. based oil & natural gas advocacy firm, and past chairman of the Permian Basin Petroleum Association. His history in the industry is vast as he has previously been Senior Vice President of Corporate Development of Concho Resources, co-founded and served as President and CFO of Legacy Reserves LP, a public MLP and was a Venture Partner with Quantum Energy Partners Mr. Pruett received his B.S in Petroleum Engineering, High Honors, from the University of Texas at Austin and graduated with an MBA from the Harvard Business School where he was a Baker Scholar.

OTA

OTA Environmental Solutions provides a comprehensive one-stop response to the industry’s emissions and environmental needs.  By offering top notch emission control equipment, field service, and various environmental services, we help your company stay in compliance with regulations in the most efficient and effective ways possible, saving you time and money.

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IPAA

For more than 95 years, Independent Petroleum Association of America (IPAA) has represented the thousands of independent oil and natural gas producers and service companies across the United States accounting for 83 percent of America’s oil production, 90 percent of its natural gas and natural gas liquids (NGL) production, and support over 4.5 million American jobs.

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