AXPC works closely with all levels of government and regulatory agencies to advocate, educate and advise on issues important to our industry, consumers and the United States. We aim to influence strong and effective public policy to protect America’s standing as global energy superpower – providing economic benefits, enhancing national security and producing the products we use each and every day in a safe and responsible manner.
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. However, it is important that regulatory programs do not become so burdensome that their cost outweighs their benefit and ultimately deters the responsible development of affordable, reliable, domestic energy for Americans.
The ability of independent oil and natural gas exploration and production companies to deduct business expenses – just as other businesses deduct their ordinary and necessary business expenses – remains a key element in attracting investment capital for the industry.