The Petroleum Foundation of America

advertisement
The Petroleum Foundation of America, Inc. (PFA) has created a “Natural Gas
Initiative”, which will supply donated natural gas to consumers who have incomes
below the poverty line. In this initiative, PFA is asking you as a gas producer to
donate a small portion of your produced natural gas. In exchange , you will obtain a
tax deduction, and will also enhance your image in the communities where you
operate. In addition, you will more than make up for the donation by selling the
remainder of your gas at a much higher price.
BO ARD O F DI RECTO RS*
William Divine
President, PFA , Inc.
Pres., Concessions Int’l., Inc.
Dr. James Dorsey
Dean, College of Engineering,
San Diego State U niversity
Dr. Ben W. Ebenhack
President, A head Energy Corp.
Prof., U niversity of Rochester
Kevin Hartleroad
V .P., Concord O il & Gas Co.
Winston M ohabir
Publisher, A lberta O il Directory
Larry L. Strahan
Pres., People for an Engy. Policy
Foy Streetman
Chairman, A BPS Energy
M arginal Well Comm. of O K
Kay Waller
M gr., Denver Earth Res. Library
BO ARD O F ADVI SO RS*
Louise A. Bugna
Land M gr., Roach & A ssoc., Inc.
Jack Freedman
Exec. V .P., Guernsey Petrol., Inc.
David E. Harker
CEO , Excalibur Exp., Inc.
Dan Polk
President, Progas Prop., Inc.
Ken B. Privett
President, Blue Hawk Prop., Inc.
Our non-profit status as a charitable organization enables PFA to negotiate with gas
marketers, pipelines and utilities to decrease distribution costs. (Currently, these
distribution costs comprise about 73% of the price consumers pay for gas.) The
producer can use this reduced-surcharge distribution contract to market the
remainder of his gas.
S. Paul Provenza, Jr.
A ttorney at Law
Richard Reeve
R. Reeve O il & Gas Properties
Timothy B. Robertson
Land M gr., M arathon O il Co.
Gary L. Ronning
Sr. V .P., Ferguson/ GDM
O ffshore Res., Ltd.
Donated natural gas will be provided to the poor and to charitable organizations
Avery E. Smith
such as homeless shelters, "halfway houses", battered women’s shelters and soup
M ng. Ptnr., M agnum O il, LLC
kitchens. Support will also be provided to consumers who need emergency supplies
* N O TE: Partial List of M embers
of natural gas because of temporary situations (unusually cold winters or temporary
financial problems). PFA will provide this gas at about one-quarter of the current
price. This charge is necessary to inhibit the unnecessary waste of gas and to cover PFA’s expenses.
Subject to their approval, PFA will publicize and promote the gas producers and distribution companies who
contribute to this initiative. Publicity will be targeted specifically at the local level, where the gas is produced and
distributed. This publicity will enhance the image of those producers who participate (as well as the industry as a
whole). It will directly benefit those companies who need public support on further resource development in their
area.
In addition, PFA is developing its own natural gas production, and has initiated regional surveys of abandoned,
orphaned, and idle wells. We are working closely with a number of universities as well as a network of volunteer
consultants on this project. Many abandoned/orphaned gas wells, in particular, still contain substantial reserves.
PFA intends to utilize these reserves in an effort to provide additional support for the disadvantaged. We are in the
process of creating the infrastructure, using revenue derived from donated assets, to develop these unused
resources. PFA is taking industry problems and turning them into solutions. All individuals or companies
interested in supporting PFA by donating gas, properties or equipment (which are tax-deductible), or by
volunteering their time, please contact PFA.
Sincerely,
William Divine, President
Petroleum Foundation of America, Inc.
Download