IPAA Statement on Behalf of American Independent Producers

"America's independent oil and natural gas producers ushered in the shale revolution and have a proven record of delivering energy securely and competitively. America's independent producers are committed to producing the energy that powers American lives and competitiveness. IPAA's member companies support American energy dominance and are the backbone of communities throughout the producing states, providing jobs and economic security in regions across the country.

"This is a challenging price environment for America's independent producers. America's independents are known for taking risks, and no matter the basin they desire stability as they make capital allocation decisions. As global markets continue to develop and change, and as production opportunities present themselves around the world, IPAA's member companies will continue to evaluate all prospects to produce oil and natural gas safely and securely."