Texas Alliance of Energy Producers Offers Student Memberships

A member of the North Texas Oil and Gas Association, North American Drilling Corporation founder Larry M. Koonce has been around the oil and gas industry for many years. Larry Koonce’s uncle was a Sunoco geologist, and his grandfather was an oil well driller.

Formed in 1930 to represent the interests of independent Texas energy producers, the North Texas Oil and Gas Association is part of the larger Texas Alliance of Energy Producers. Recently, the organization began to offer memberships to students across the state. The organization believes that getting young people involved with the details of oil and gas production in Texas will ultimately strengthen the entire energy industry statewide.

Being a student member of the Texas Alliance of Energy Producers has a number of benefits. Students get the chance to network with established oil-and-gas-industry professionals and develop contacts that may help them one day land a job. Student members receive the alliance’s news magazine and bulletins, which can help them stay current on industry developments. Additionally, student members can get involved with the organization at a level they feel comfortable with, whether it’s just attending an occasional meeting or organizing entire events themselves.

Texas Alliance of Energy Producers Hosts Annual Meeting and Expo

As founder, director, and president of the North American Drilling Corporation since its inception, Texas-based Larry M. Koonce identifies and acquires investment offerings in the gas and oil sector. In addition, his membership with the Texas Alliance of Energy Producers allows him to stay compliant and up-to-date on changes made within the industry.

Formerly two separate entities called the North Texas Oil and Gas Association and the West Central Texas Oil and Gas Association, the Texas Alliance of Energy Producers formed due to low crude oil prices in the 1990s. This forced many independent producers out of business and led to the merger of the two associations, which occurred in the early 2000s.

To help its members network and learn more about the industry, the Texas Alliance of Energy Producers hosts an annual meeting and expo. The 2016 event, scheduled for April 19–20 in Wichita Falls, Texas, features more than 350 exhibitor booths, as well as technical seminars, industry speakers, and networking opportunities. Extracurricular activities include golf and a barbecue.

Natural Gas Production in Texas

A member of the North Texas Oil & Gas Association, Larry M. Koonce founded the North American Drilling Corporation in 2006. As president and CEO, Larry Koonce leads natural gas drilling initiatives throughout the state of Texas.

Holding nearly a quarter of the nation’s natural gas reserves, Texas generates $159.3 billion in gross state product each year and is home to the largest onshore natural gas field. Comprised primarily of methane, natural gas does not create smog when it comes in contact with sunlight, making it an environmentally friendly choice of fuel. It is used for heating and electricity as well as a component of various products, ranging from plastics to fertilizers.

While production plants in Texas decreased between 2004 and 2009, the capacity per plant increased. Today, the state has 163 natural gas production plants that produce 19.7 billion cubic feet of natural gas daily. The number of production wells is also the most in the state’s history.

Texas Alliance of Energy Producers Campaigns for Tax Provisions

A Texas native with roots in the oil and gas industry, Larry M. Koonce serves as the founder, president, and CEO of the North American Drilling Corporation in Plano, Texas. Larry Koonce also stays involved in his industry as a member of the North Texas Oil and Gas Association, which merged with the West Central Texas Oil and Gas Association to form the Texas Alliance of Energy Producers.

Responsible for a number of advocacy projects and programs, the Alliance most recently announced that it launched a letter-writing initiative led by members of Congress in response to dialogue on tax reform. The Alliance’s campaign advocates for retaining percentage depletion, exclusion from the passive-loss condition, and expensing of intangible drilling costs (IDCs). In support of the nation’s energy producers, 17 members of Congress have already signed the letter. The campaign is being led by U.S. representatives Henry Cuellar, a Democrat from Laredo, and Lamar Smith, a Republican from San Antonia.

The Alliance has been working to retain important tax provisions for energy producers since 2009, when the administration’s budget proposals started seeking to repeal them.