2025-10-01T12:01:55-05:00 2024-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2024-01-01 530182304 NATIONAL PETROLEUM COUNCIL NATI 2023936100 1101 VERMONT AVE NW 300 WASHINGTON DC 20005 MARSHALL NICHOLS EXECUTIVE DIRECTOR 2023936100 2025-09-30 1 1 J CALVIN MARKS P01226973 9197196400 2024 2025-03-06 01:10:19Z X MARSHALL NICHOLS 1101 VERMONT AVE NW 300 WASHINGTON DC 20005 5413719 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 11 198 0 0 5058536 5315786 273 94 61992 97839 0 0 5120801 5413719 581 0 0 0 4072861 4706240 0 0 0 1892375 1644041 5965817 6350281 -845016 -936562 13062006 14000432 11184596 12120077 1877410 1880355 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 2024, THE NATIONAL PETROLEUM COUNCIL'S (NPC) PRIMARY ACTIVITIES WERE ASSOCIATED WITH THE COMPLETION OF TWO NPC STUDIES CONDUCTED IN RESPONSE TO REQUESTS FROM THE SECRETARY OF ENERGY AND THE DEVELOPMENT OF POTENTIAL FUTURE STUDY TOPICS TO DISCUSS IN 2025 WITH THE INCOMING ADMINISTRATION.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. THE STUDY WAS COMPLETED, AND THE REPORT WAS APPROVED AT THE APRIL 23, 2024, NPC MEETING WITH PRINTING OF THE SUMMARY VOLUME AND POST-APPROVAL REPORT OUTREACH/COMMUNICATION ACTIVITIES BEING CONDUCTED THROUGHOUT THE REMAINDER OF 2024. PRINTING OF THE FULL-VOLUME REPORT WILL FOLLOW IN 2025. 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. THE STUDY WAS COMPLETED IN THE FIRST QUARTER OF 2024 AND THE FINAL REPORT WAS APPROVED AT THE APRIL 23, 2024, NPC MEETING. PRINTING OF THE SUMMARY VOLUME AND POST-APPROVAL REPORT OUTREACH AND COMMUNICATION ACTIVITIES WERE CONDUCTED THROUGHOUT THE REMAINDER OF 2024. THE FULL REPORT VOLUMES WILL BE PRINTED IN 2025. POTENTIAL FUTURE STUDY TOPICSDURING THE APRIL 2024 NPC MEETING, DOE REQUESTED THE COUNCIL TO DEVELOP A LIST AND SUMMARY SCOPE OF POTENTIAL NEW STUDY TOPICS TO DISCUSS WITH THE NEXT ADMINISTRATION. A REPORT ON POTENTIAL STUDY TOPICS WAS COMPLETED IN LATE 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 11 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 ALAN ARMSTRONG CHAIR 1.00 X X 0 0 0 RYAN M LANCE 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 742176 0 207583 JOHN H GUY IV DEPUTY EXECUTIVE DIRECTOR 40.00 X 513463 0 154863 JAMES SLUTZ SENIOR COMMITTEE OPERATION 40.00 X 320058 0 88268 STEPHEN NEWSTEDT FINANCE MANAGER 40.00 X 200171 0 60437 PAMELA K DUNNING EXECUTIVE ASSISTANT 40.00 X 185780 0 53792 ARTHUR CADEAUX SENIOR DESIGNER 40.00 X 147524 0 60356 CARLA BYRD INFORMATION COORDINATOR 40.00 X 132330 0 64896 2241502 0 690195 10 0 1 0 GNEISS EDITING LLC 1405 NW BENFIELD DR PORTLAND OR 97229 CONSULTING SERVICES 194509 1 5315786 5315786 PUBLICATIONS 900099 94 94 94 97839 97839 5413719 94 0 97839 X 1618085 1422605 1009223 502324 154003 23709 67877 816075 97668 54344 380666 11484 137558 9954 40228 DUES & SUBSCRIPTIONS 1668 2810 6350281 494412 1021555 2505614 1943000 94469 61734 96100 592328 563031 30207 29297 9970039 10816011 13062006 14000432 1162754 1647968 10021842 10472109 11184596 12120077 X 1877410 1880355 1877410 1880355 13062006 14000432 X -936562 612740 326767 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 5315786 -2207742 -2207742 159474 -2367216 592328 563031 29297 29297 DEFERRED COMPENSATION PLAN ASSETS 10278652 ACCRUED PENSION ASSET 386217 LEASE ASSETS 151142 10816011 DEFERRED COMPENSATION LIABILITIES 10278652 LEASE LIABILITIES 193457 10472109 X 6026459 612740 612740 5413719 0 5413719 6023514 0 6023514 326767 326767 6350281 PART X, LINE 2: IN ACCORDANCE WITH GAAP, THE COUNCIL HAS CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. PART XII, LINE 4B - OTHER ADJUSTMENTS: PENSION RELATED COSTS 326,567. RETURN GRANTS 200. X X X X 0 1 0 MARSHALL W NICHOLS EXECUTIVE DIRECTOR/SECRETARY 608955 0 110000 0 23221 0 164170 0 43413 0 949759 0 0 0 JOHN H GUY IV DEPUTY EXECUTIVE DIRECTOR 423390 0 70000 0 20073 0 112290 0 42573 0 668326 0 0 0 JAMES SLUTZ SENIOR COMMITTEE OPERATION 273200 0 40000 0 6858 0 51927 0 36341 0 408326 0 0 0 STEPHEN NEWSTEDT FINANCE MANAGER 177700 0 20000 0 2471 0 33795 0 26642 0 260608 0 0 0 PAMELA K DUNNING EXECUTIVE ASSISTANT 159000 0 25000 0 1780 0 31704 0 22088 0 239572 0 0 0 ARTHUR CADEAUX SENIOR DESIGNER 128000 0 18000 0 1524 0 25668 0 34688 0 207880 0 0 0 CARLA BYRD INFORMATION COORDINATOR 114499 0 15000 0 2831 0 22882 0 42014 0 197226 0 0 0 PART I, LINE 4B MARSHALL NICHOLS DEFERRED COMPENSATION $97,470 JOHN GUY DEFERRED COMPENSATION $45,590 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 816,075. FORM 990, PART XI, LINE 9: PENSION RELATED COSTS 326,567. RETURN GRANTS 200. 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