2024-10-03T10:44:03-05:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-01-01 530182304 NATIONAL PETROLEUM COUNCIL NATI 2023936100 1625 K STREET NW 600 WASHINGTON DC 20006 MARSHALL NICHOLS EXECUTIVE DIRECTOR 2023936100 2024-10-02 1 0 J CALVIN MARKS P01226973 9197196400 2023 2024-10-15 13:58:12Z MARSHALL NICHOLS 1625 K STREET NW 600 WASHINGTON DC 20006 5120801 0 X WWW.NPC.ORG X UNINCORPORATED NON PROFIT 1946 DC TO ADVISE, INFORM, AND MAKE RECOMMENDATIONS IN WRITING AS REQUESTED BY THE SECRETARY OF ENERGY WITH RESPECT TO ANY MATTER RELATING TO OIL AND GAS OR TO THE OIL AND GAS INDUSTRIES. 2 2 13 211 0 0 4955819 5058536 412 273 21692 61992 0 0 4977923 5120801 0 581 0 0 4013948 4072861 0 0 0 1339210 1892375 5353158 5965817 -375235 -845016 13950382 13062006 11518548 11184596 2431834 1877410 X THE SOLE PURPOSE OF THE NATIONAL PETROLEUM COUNCIL IS TO ADVISE, INFORM, AND MAKE RECOMMENDATIONS IN WRITING AS REQUESTED BY THE SECRETARY OF ENERGY WITH RESPECT TO ANY MATTER RELATING TO OIL AND GAS OR TO THE OIL AND GAS INDUSTRIES. 0 0 IN 2023, THE NATIONAL PETROLEUM COUNCIL'S (NPC) PRIMARY ACTIVITIES WERE ASSOCIATED WITH THREE NPC STUDIES BEING CONDUCTED IN RESPONSE TO REQUESTS FROM THE SECRETARY OF ENERGY.SHORT-TERM ENERGY CHALLENGES AND A MANAGEABLE ENERGY TRANSITION.ON JULY 29, 2022, U.S. SECRETARY OF ENERGY GRANHOLM FORMALLY REQUESTED THE NPC TO PROVIDE, ON AN EXPEDITED BASIS, ADVICE ADDRESSING THE THEN CURRENT ENERGY MARKETS AND HELPING TO ENSURE A MANAGEABLE TRANSITION TO A NET-ZERO FUTURE. DURING THE FALL OF 2022, THE NPC ORGANIZED STUDY TEAMS, HELD STUDY GROUP MEETINGS, CONDUCTED STUDY ANALYSES, AND DEVELOPED PROPOSED REPORTS ON THESE TOPICS. IN DECEMBER 2022, THE NPC COMPLETED ITS STUDY AND TRANSMITTED TO THE SECRETARY TWO RESULTING REPORTS ON (1) SHORT-TERM ACTIONS AND (2) TRANSITION STRATEGIES, ENTITLED:- PETROLEUM MARKET DEVELOPMENTS PROGRESS AND ACTIONS TO INCREASE SUPPLY AND IMPROVE RESILIENCE.- PRINCIPLES, AND OIL & GAS INDUSTRY INITIATIVES AND TECHNOLOGIES FOR PROGRESSING TO NET ZERO.FINAL EDITING AND PUBLICATION/POSTING ON NPC WEBSITE WAS COMPLETED IN THE FIRST QUARTER OF 2023.HYDROGEN ENERGY STUDYBY LETTER DATED NOVEMBER 8, 2021, SECRETARY GRANHOLM FORMALLY REQUESTED THE NPC TO UNDERTAKE "A STUDY ON THE DEPLOYMENT OF LOW AND ZERO CARBON HYDROGEN ENERGY AT SCALE THROUGH THE ENTIRE VALUE CHAIN." DURING 2022, THE NPC ORGANIZED STUDY TEAMS, HELD STUDY GROUP MEETINGS, CONDUCTED STUDY ANALYSES, AND DEVELOPED A REPORT OUTLINE ON THIS TOPIC. MOST OF THE STUDY GROUP MEETING AND ANALYSES ACTIVITIES WERE CONDUCTED DURING 2023, INVOLVING APPROXIMATELY 300 PARTICIPANTS. STUDY COMPLETION AND REPORT APPROVAL WAS SET FOR THE END OF THE FIRST QUARTER OF 2024. POST-APPROVAL REPORT OUTREACH/COMMUNICATION ACTIVITIES WERE PLANNED FOR THE REMAINDER OF 2024. GREENHOUSE GAS (GHG) EMISSIONS STUDYBY LETTER DATED APRIL 22, 2022, SECRETARY GRANHOLM FORMALLY REQUESTED THE NPC TO UNDERTAKE "A STUDY THAT DEFINES PATHWAYS AND PRIORITIZES OPTIONS FOR GHG EMISSIONS REDUCTION ACROSS THE U.S. NATURAL GAS VALUE CHAIN." DURING THE REMAINDER OF 2022, THE NPC ORGANIZED STUDY TEAMS, HELD STUDY GROUP MEETINGS, CONDUCTED STUDY ANALYSES, AND DEVELOPED A REPORT OUTLINE ON THIS TOPIC. MOST OF THE STUDY GROUP MEETING AND ANALYSES ACTIVITIES WERE CONDUCTED DURING 2023, INVOLVING OVER 200 PARTICIPANTS. STUDY COMPLETION AND REPORT APPROVAL SET FOR YEAR-END 2024. POST-APPROVAL REPORT OUTREACH/COMMUNICATION ACTIVITIES WERE PLANNED FOR THE REMAINDER OF 2024. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 1 13 1 0 0 0 0 1 1 0 0 0 X 2 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVE NEWSTEDT 2023936100 1625 K STREET NW SUITE 600 WASHINGTON DC 20006 DARREN WOODS CHAIR 1.00 X X 0 0 0 ALAN ARMSTRONG VICE CHAIR 1.00 X X 0 0 0 JENNIFER M GRANHOLM SECY OF ENERGY/CO-CHAIR 1.00 X 0 0 0 MARSHALL W NICHOLS EXECUTIVE DIRECTOR/SECRETARY 40.00 X 718950 0 198996 JOHN H GUY IV DEPUTY EXECUTIVE DIRECTOR 40.00 X 508393 0 150428 JAMES SLUTZ SENIOR COMMITTEE OPERATION 40.00 X 310758 0 80039 STEPHEN NEWSTEDT FINANCE MANAGER 40.00 X 186050 0 57814 PAMELA K DUNNING EXECUTIVE ASSISTANT 40.00 X 173782 0 52409 ARTHUR CADEAUX SENIOR DESIGNER 40.00 X 141522 0 63455 CARLA BYRD INFORMATION COORDINATOR 40.00 X 128828 0 60746 2168283 0 663887 11 0 1 0 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVE CAMBRIDGE MA 02139 HYDROGEN MODELLING 250000 ENERGY ACTION LLC 49 FIRTH DRIVE BOOTHBAY ME 04537 TASK GROUP SECRETARY SERVICES 215106 RICHARD C HAUT 7 DRESDEN PLACE THE WOODLANDS TX 77382 TASK GROUP SECRETARY SERVICES 202297 EDITH ALLISON 11224 TROY ROAD ROCKVILLE MD 20852 TASK GROUP SECRETARY SERVICES 186210 4 5058536 5058536 PUBLICATIONS 273 273 273 61992 61992 5120801 273 0 61992 X 581 1576767 1417051 832850 98159 148034 16068 59519 780573 66725 49941 434053 77453 354564 12945 38902 DUES & SUBSCRIPTIONS 1632 5965817 1638903 494412 1709427 2505614 682657 59707 61734 583284 553077 23687 30207 9836001 9970039 13950382 13062006 1355399 1162754 14520 10148629 10021842 11518548 11184596 X 2431834 1877410 2431834 1877410 13950382 13062006 X -845016 89366 201226 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 5058536 -2055986 -2055986 151756 -2207742 583284 553077 30207 30207 DEFERRED COMPENSATION PLAN ASSETS 9378217 LEASE ASSETS 510861 ACCRUED PENSION ASSET 80961 9970039 DEFERRED COMPENSATION LIABILITIES 9378217 LEASE LIABILITIES 643625 10021842 X 5210167 89366 89366 5120801 0 5120801 5764591 0 5764591 201226 201226 5965817 PART X, LINE 2: IN ACCORDANCE WITH GAAP, THE COUNCIL HAS CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. PART XII, LINE 4B - OTHER ADJUSTMENTS: PENSION RELATED COSTS 201,226. X X X X 0 1 0 MARSHALL W NICHOLS EXECUTIVE DIRECTOR/SECRETARY 608955 0 87900 0 22095 0 159087 0 39909 0 917946 0 0 0 JOHN H GUY IV DEPUTY EXECUTIVE DIRECTOR 423390 0 62300 0 22703 0 110519 0 39909 0 658821 0 0 0 JAMES SLUTZ SENIOR COMMITTEE OPERATION 265200 0 38700 0 6858 0 51927 0 28112 0 390797 0 0 0 STEPHEN NEWSTEDT FINANCE MANAGER 161540 0 22900 0 1610 0 33795 0 24019 0 243864 0 0 0 PAMELA K DUNNING EXECUTIVE ASSISTANT 150002 0 22000 0 1780 0 31704 0 20705 0 226191 0 0 0 ARTHUR CADEAUX SENIOR DESIGNER 121998 0 18000 0 1524 0 25668 0 37787 0 204977 0 0 0 CARLA BYRD INFORMATION COORDINATOR 109998 0 16000 0 2830 0 22882 0 37864 0 189574 0 0 0 PART I, LINE 4B MARSHALL NICHOLS DEFERRED COMPENSATION $93,086 JOHN GUY DEFERRED COMPENSATION $44,517 THE ABOVE AMOUNTS ARE INCLUDED IN PART II, COLUMN (C) FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE COUNCIL ARE THOSE INDIVIDUALS APPOINTED BY THE U.S. SECRETARY OF ENERGY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COUNCIL ELECT A CHAIR AND VICE CHAIR (ALSO KNOWN AS THE VOTING MEMBERS OF THE GOVERNING BODY) AT THE FIRST MEETING IN EACH CALENDAR YEAR. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE COUNCIL APPROVE THE ANNUAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. ADDITIONALLY THE EXECUTIVE DIRECTOR REVIEWS FORM 990 PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE IS REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY EVERY TWO YEARS WHICH IS ANNUALLY REVIEWED BY THE AUDITORS. FORM 990, PART VI, SECTION B, LINE 15 THE COUNCIL CHAIR APPROVES, UPON RECOMMENDATION FROM THE EXECUTIVE DIRECTOR, SALARY ACTIONS AND BONUSES FOR EMPLOYEES GRADE 11 AND HIGHER. THE COUNCIL CHAIR RECOMMENDS AND APPROVES SALARY ACTIONS AND BONUS AMOUNTS FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF ORGANIZATION ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS AND OTHER ADMINISTRATIVE DOCUMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER 780,573. FORM 990, PART XI, LINE 9: PENSION RELATED COSTS 201,226. NATIONAL PETROLEUM COUNCIL HEALTH & WELFARE TRUST 1625 K STREET WASHINGTON DC 20006 472257585 VEBA DC 501(C)(9) NPC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0