Drillinginfo CEO Allen Gilmer has been elected Chairman of the Board of the Texas Independent Producers & Royalty Owners Association (TIPRO). The TIPRO membership selected Gilmer on Tuesday, February 23, 2016 during its annual convention in San Antonio.Gilmer’s two-year term formally begins on June 30, 2016. He will chair TIPRO as it celebrates its 70th anniversary as the leading voice of independent producers and royalty owners in Texas. He succeeds Raymond J. Welder, III, who is President & CEO of Welder Exploration & Production, Inc.
Gilmer noted the importance of TIPRO as the global oil & gas industry rebalances supply and demand.
“In these kinds of times, people are trying to figure out how to stay alive with very little money available across the board,” Gilmer said. “I can’t tell you how many people that I know from multi-generational oil companies that are saying that they’re right at the limits of what their lease operating expenses are. These are people who have dedicated generations of their family’s time to the oil and gas industry, and we have to make sure that they can survive for the next generation.”
TIPRO was founded in 1946 to preserve the ability of independent oil and gas companies to explore for and produce oil and natural gas. Independent oil and gas companies generally receive most of its revenues from production at the oil and gas wellhead. These companies are often exclusively in the exploration and production segment of the hydrocarbon industry and do not own mid-stream pipeline companies or downstream refineries.
TIPRO successfully advocates for effective public policy at the state and federal level that encourages responsible hydrocarbon exploration and production. TIPRO is credited with helping Texas create among the most balanced and efficient oil & gas regulatory systems in the world.
TIPRO anticipates significant activity at the federal level during the next several years. Specifically, TIPRO will vigorously defend access to capital & tax provisions such as proper treatment of Intangible Drilling Costs (IDCs), Depletion Allowance, Geologic and Geophysical Deduction, Section 199 Tax Deduction, Marginal Well Tax Credits, and the Enhanced Oil Recovery (EOR) Tax Credit.