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Five key strategies for oil and gas firms

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.

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Mark Wallace

Mark Wallace

CEO

Mark is CEO of Cority Software Inc., a Toronto-based, award-winning, global SaaS company. Under Mark’s leadership, Cority’s revenue has grown consistently at a compounded rate of 25%. The company has grown in employees from 29 when Mark started in 2003 to close to 400 employees today. It enjoys an industry-leading profit margin. In 2016, Cority raised capital with Norwest Venture Partners, Georgian Partners, and BMO; in 2019 Cority raised capital from software specialist Private Equity firm Thoma Bravo and with Norwest again stepping up as an investor. Mark was a finalist for the EY Entrepreneur of the Year Award in 2017 and 2018. Previously, Mark was Vice President, General Counsel & Corporate Secretary and a member of the executive management team of AT&T Canada Corp. Mark is a graduate of St. Francis Xavier University, where he recently completed 10 years on the Board of Governors, including four as Chair of the Board. He received his J.D. from the University of Victoria and is a member of the Law Society of Upper Canada. Mark is active in mentoring young entrepreneurs and has served on several other not for profit boards.