The IOGA of NY PAC was formed in January of 2004 out of a desire to support legislators who were friends of our industry. Every year a group of IOGANY directors travel to Albany when legislators are in session to meet with certain lawmakers. We feel that face-to-face meetings with legislators are absolutely critical. Originally our visits were to introduce ourselves and let them know that New York State does have an oil and gas industry, and that it is important that New York State and industry work together on issues that arise from time to time.
These efforts quickly evolved from annual, generic trips to more frequent meetings addressing specific issues confronting our industry. These include regulatory concerns with the DEC and proactive efforts to change, and even introduce, laws that affect us. For example, over the past couple of years, we have been in Albany numerous times, meeting with legislators and the NYSDEC on the bonding issue in an attempt to hammer out a mutually acceptable financial security program to take some pressure off operators. We continue to make progress in this area.
We have met with the Deputy Commissioner of the NYSDEC on issues, and have also met with the Superintendent of Insurance for the State of New York. We routinely meet with key members of the Energy and Environmental Committees such as Senator Wright and Young, and Assemblymembers Warner, Parment, Tonko and Hoyt. We are now beginning to receive correspondence from legislators offering to help us accomplish our objectives.
We now can gain an audience with those legislators that we feel are aligned with our cause. That's where the PAC comes in. In order to maintain our presence in Albany and to show our support to those friends of the oil and gas industry that understand our issues and want to help us prosper, we must be able to support their endeavors in Albany, and help their campaign efforts in order to remain in office.
As you can imagine the first year that a PAC is formed is the most financially challenging, as start-up expenses must be covered entirely through donations from companies and individuals dedicated to supporting our efforts in Albany. We are working very hard on behalf of producers and affiliated companies.
Any support to help strengthen our presence in Albany and continue our efforts to work with those legislators who demonstrate a genuine interest in our industry is greatly appreciated.
If you ever have questions about the PAC, please feel free to contact Scott Sampson, IOGA of NY PAC Chairman or Brad Gill, Executive Director of IOGA.