Interstate Oil and Gas Compact Commission (IOGCC) Market Research Report

Background

The Interstate Oil and Gas Compact Commission (IOGCC) is a multi-state government entity established in 1935 to promote the conservation and efficient recovery of oil and natural gas resources while safeguarding human health and the environment. Comprising 31 member states and seven associate states, the IOGCC serves as a unified voice for state governors on oil and gas issues, advocating for states' rights to regulate petroleum resources within their jurisdictions.

Key Strategic Focus

The IOGCC's strategic focus centers on:

Conservation and Efficient Recovery: Implementing best practices to maximize resource extraction while minimizing waste.

Environmental Protection: Ensuring that oil and gas operations do not compromise environmental integrity.

Regulatory Collaboration: Facilitating cooperation among member states to standardize laws, rules, and regulations governing the oil and gas industry.

Policy Advocacy: Representing member states' interests at the federal level, particularly concerning energy policies and regulations.

Financials and Funding

As a non-profit organization, the IOGCC's funding primarily comes from:

Member Contributions: Annual dues paid by member and associate states.

Federal Grants: Financial support from federal agencies for specific projects.

Industry Sponsorships: Sponsorships from oil and gas companies for events and initiatives.

The IOGCC does not publicly disclose detailed financial statements, but its funding model relies on these sources to support its operations and programs.

Pipeline Development

The IOGCC does not engage in the direct development of oil and gas pipelines. Instead, it focuses on:

Regulatory Guidance: Providing member states with model statutes and resolutions to guide pipeline development and operation.

Best Practices: Sharing information on safe and efficient pipeline construction and maintenance.

Policy Advocacy: Representing member states' interests in federal discussions related to pipeline infrastructure.

Technological Platform and Innovation

The IOGCC leverages several technological platforms and innovative approaches, including:

FracFocus: A national hydraulic fracturing chemical registry developed in collaboration with the Ground Water Protection Council, allowing companies to disclose the chemicals used in hydraulic fracturing operations.

State Oil and Gas Regulatory Exchange (SOGRE): A collaborative effort with the Ground Water Protection Council to facilitate multi-state collaboration and innovative regulatory solutions for oil and natural gas producing states.

Leadership Team

The IOGCC is led by:

Carl Michael "Mike" Smith: Executive Director since 2008. Smith has a background in energy policy, having served as Assistant Secretary of Energy for Fossil Energy under President George W. Bush and as Oklahoma Secretary of Energy.

Competitor Profile

As a governmental entity, the IOGCC does not have direct competitors. However, it collaborates with various organizations, including:

Ground Water Protection Council (GWPC): A non-profit organization focused on protecting groundwater resources, with which the IOGCC collaborates on initiatives like the State Oil and Gas Regulatory Exchange.

U.S. Environmental Protection Agency (EPA): The IOGCC collaborates with the EPA through the EPA-IOGCC Task Force to promote environmental protection in the oil and gas industry.

Strategic Collaborations and Partnerships

The IOGCC has established several key collaborations, including:

EPA-IOGCC Task Force: Renewed in 2019 to enhance communication and collaboration between federal and state regulators.

State Oil and Gas Regulatory Exchange (SOGRE): A partnership with the GWPC to facilitate multi-state collaboration and innovative regulatory solutions.

Operational Insights

The IOGCC operates as a forum for state regulators, industry representatives, and environmental groups to share information and develop best practices. Its unique structure allows for effective collaboration among diverse stakeholders, enabling the development of policies and regulations that balance resource development with environmental protection.

Strategic Opportunities and Future Directions

The IOGCC is focused on:

Enhancing Collaboration: Strengthening partnerships with federal agencies and industry stakeholders to address emerging challenges in the oil and gas sector.

Policy Development: Advocating for state-led solutions to energy and environmental issues, ensuring that member states have a unified voice in federal policy discussions.

Innovation in Regulation: Promoting the adoption of innovative regulatory practices that protect resources while facilitating efficient energy production.