Recovering Intangible Drilling Costs (IDCs)
Oil and natural gas producers benefit American communities through job creation, significant contributions to federal, state, and local budgets, and significant contributions to landowners. When an operator drills a well, approximately 15 percent of the costs are tangible (pipe, controls, etc.) and 85 percent of the costs are intangible (labor, wages, etc.). Like other routine business expenses in other industries, IDCs allow operators to recover their costs consistent with the economic reality of their underlying expenses, freeing up funds to reinvest in new projects that support millions of good-paying jobs.
Reducing Methane Emissions
The oil and natural gas industry is one of the most thoroughly regulated industries in the U.S. We recognize the importance of – and support – regulations that ensure the safety of our employees, the environment, and our communities. AXPC companies are focused on reducing methane emissions from their operations and support effective and reasonable regulation of methane that balances the essential value of U.S. oil and natural gas production with the global challenge of addressing climate change.
Who We Are
We are the authors of the American energy revolution. Our innovation and grit have changed the landscape of global energy to provide affordable, reliable energy to America and the world.
We lead the world in the cleanest and safest onshore production of oil and gas, while supporting millions of Americans in high-paying jobs and investing a wealth of resources in our communities.