Oklahoma City — 07/09/2019 — The Domestic Energy Producers Alliance (DEPA) supports President Trump’s July 8, 2019 speech on America’s leadership in pursuing effective policies to advance environmental protection while promoting economic growth. The President said, “My Administration is committed to being effective stewards of our environment while encouraging opportunities for American workers and their families.” “Nowhere is the American ideal of a clean and improving environment while allowing American workers and their families countless opportunities more evident than in the energy renaissance that has occurred in the US over the past ten years” said Jerry Simmons DEPA executive director.
US oil production hit 12.2 million barrels per day (B/D) in April of 2019. This is up from 5.3 million B/D in 2009. Over the past ten years US natural gas production has increased nearly 45 percent to 37 trillion cubic feet of natural gas in 2018. As a result, the US is now the largest energy producing country in the world and is on course to become the largest energy exporter on the planet in the next five years. At the same time from 2016 to 2017 the US saw overall decreases in greenhouse gases across all sectors of the economy and the total U.S. greenhouse gas emissions reported decreased by 2.7 percent from 2016 to 2017 according to the EPA. This decline in greenhouse gas emissions occurred at a time of record US oil and gas production and rapidly expanding economy.
John Schmitz, CHAIRMAN
John Schmitz is the Chairman and Founder of B-29 Investments, a Dallas-based private equity firm representing his personal energy investments. Mr. Schmitz leads the investment decisions and operating execution of the B-29 team and actively manages/advises all portfolio companies. Mr. Schmitz holds the Chairman, President, and CEO positions at Select Water Solutions, as well as serving as Chairman and CEO of Endurance Lift Holdings, which consists of the Endurance Lift Solutions and Bell Supply Company subsidiaries. Additionally, Mr. Schmitz serves on the board of Silver Creek Exploration and Axis Energy Services.
Outside of the B-29 landscape, Mr. Schmitz also serves on the board of the Southwest Diabetic Foundation.
A lifelong entrepreneur, Mr. Schmitz has founded and developed numerous successful businesses in the oilfield services sector of the energy industry over his 40+ years of involvement. Such businesses include Brammer Supply (predecessor to BSI holdings and ultimately recapped as part of Complete Energy Services), Allied Production Solutions (merged into Forum Energy Technologies), and Peak Oilfield Services (the foundation of what became Select). Mr. Schmitz has also executed numerous upstream and midstream transactions including the sales of property packages across the Barnett, Eagle Ford, and Fayetteville basins to EOG Resources, Chesapeake Energy, and XTO Energy, respectively, and the sale of Cimmaron Gathering, LP, a natural gas pipeline company, to Copano Energy, LLC.
