The Independent Petroleum Association of America (IPAA) appointed Steven H. Pruett, president and CEO of Elevation Resources LLC, as board chairman for the 2022-2024 term, the association said in a Dec. 6 press release.
Pruett comes into this role after serving the past term as the association’s vice chairman.
Pruett, an industry veteran with 38 years of operating, financial and management experience, is a co-founder of Elevation Resources, a Permian Basin E&P. He also co-founded Legacy Reserves LP, a public upstream MLP where he also served as president and CFO.
As IPAA’s vice chairman, Pruett worked with the previous chairman, Jim Wilkes, the president, director and co-owner of Texland Petroleum.
The two “made for a great leadership team, helping to guide IPAA through challenging times including price shocks and the pandemic,” said Jess Eshelman, IPAA president and CEO.
“My primary goal is to ensure the financial sustainability of the IPAA by reengaging our existing members and recruiting new members,” Pruett said. “I believe that IPAA has a greater impact on federal upstream legislation and regulation than any other association. My job is to help communicate that to our members and to join arms with our staff and members when we are needed in Washington.”
In the upcoming session, Pruett’s plan is to educate members of Congress and elevate dialogue with federal agencies regulating the petroleum industry, Pruett said.
Recommended Reading
Russia Orders Companies to Cut Oil Output to Meet OPEC+ Target
2024-03-25 - Russia plans to gradually ease the export cuts and focus on only reducing output.
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
2024-03-26 - U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Permian Gas Finds Another Way to Asia
2024-04-30 - A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
BP Starts Oil Production at New Offshore Platform in Azerbaijan
2024-04-16 - Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.