Adapting to regulatory changes is nothing new for the oil and gas industry, so when the new Methane Emissions Reduction Program (MERP) was introduced in 2022’s Inflation Reduction Act, the industry braced for yet another transformation. But MERP is decidedly more challenging than previous evolutions in the regulatory landscape.
Applicability and compliance are inexplicably intertwined with existing and evolving federal rules and programs, making it harder and more complex than ever to determine real risks and responsibilities.