2019 Q1

President’s

Corner

Jason Lucas 2019 NADOA President

My name is Jason Lucas and I am honored to be the President of NADOA in 2019. We are so excited to have a great year! We currently are 1042 members strong. I am currently writing this fireside chat in a balmy 14 degree, windchill-adjusted 3 degree weather. First and foremost, thank you so much for being part of a wonderful organization. We would not be NADOA without all of you (sounded less obvious in my head). We are looking forward to an amazing 2019, but challenges await. For our Colorado friends, those challenges take the form of Senate Bill 19-181. The “Boulder Bill” tightens regulation of the oil and gas industry by allowing local governments to control permitting, among other measures. This bill would strip the regulatory commission of many functions and allow each local government to decide permitting regulations and other functions. Yet there is hope in the state, as citizens in Colorado voted against a proposition last November that would increase well setbacks to an unreasonable 2,500 feet – this rejection by voters saved a reported 43,000 jobs and an excess of $200 million in tax revenue in the first year alone. For our Industry, these challenges will come in both domestic and foreign forms. Domestically, the Permian Basin is setting records in U.S. energy growth, helping the U.S. to become a net energy exporter in 2020, and creating in excess of 10,000 jobs in the Texas last year alone. In order for continued energy independence, we need our leaders to stop beating the drum on lower gas prices without a grasp of full policy understanding. Things like the “Green New Deal” are all the rage amongst the uneducated. It would be analogous to me touting a regulation to limit time travel. Both are equally impossible. Foreign challenges include both Syria and Venezuela. These are more examples of geopolitics and oil intertwining to shape world history. It’s going to be an interesting year.

As always, be vocal in support of our industry. We accomplish many amazing things every day. I look forward to seeing what tomorrow holds! Thanks!

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G r o w t h T h r o u g h E d u c a t i o n - J a n u a r y / F e b r u a r y / M a r c h 2 0 1 9

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