Form 990 for tax year 2024

Totals

Total revenue

$9,009,432

Total expenses

$9,654,617

Contributions and grants received

$0

Grants paid

$500,000

Program service revenue

$8,690,000

Investment income

$319,432

Other revenue

$0

Total assets, end of year

$7,922,539

Total liabilities, end of year

$5,516,611

Net assets or fund balances, end of year

$2,405,928

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• THE COUNCIL WAS FORMED TO PROMOTE THE BUSINESS CONDITIONS OF ITS MEMBERS AND THE INDUSTRY THROUGH EFFORTS DIRECTED TOWARD FEDERAL LEGISLATION. THE COUNCIL PROVIDES MEMBERS WITH INFORMATION ON FEDERAL REGULATIONS AFFECTING THE DOMESTIC OIL AND GAS INDUSTRY, PARTICULARLY WITH RESPECT TO CHANGES IN THE TAX LAWS AND VARIOUS GOVERNMENT CONTROLS. THE COUNCIL SERVES AS A MEDIUM FOR FORMULATING POSITIONS WITH RESPECT TO PROPOSED LEGISLATION. THE COUNCIL ARRANGES APPOINTMENTS FOR REPRESENTATIVES OF MEMBER COMPANIES WITH MEMBERS OF CONGRESS TO PRESENT THE COUNCIL'S VIEWS AND POSITIONS. INFORMATION CONCERNING THE IMPACT OF CERTAIN LEGISLATIVE PROPOSALS ON MEMBERS' COMPANIES IS COMPILED. IN ADDITION, POSITION PAPERS AND LEGISLATIVE PROPOSALS OF THE COUNCIL HAVE BEEN AND WILL BE DRAFTED AND DISSEMINATED TO GOVERNMENTAL OFFICIALS AND MEMBERS OF CONGRESS. TESTIMONY CONCERNING LEGISLATION AFFECTING THE DOMESTIC OIL AND GAS INDUSTRY AND ENERGY POLICY HAS BEEN AND WILL BE PRESENTED TO CONGRESSIONAL COMMITTEES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• RIGHT VOTE INC

  $250,000

  GENERAL OPERATING SUPPORT

• MONTANA POLICY ACTION

  $200,000

  GENERAL OPERATING SUPPORT

• AMERICAN CONSERVATION COALITION

  $50,000

  GENERAL OPERATING SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• US ENERGY PAC

  527 · POLITICAL ACTION COMMITTEE · DC · controlled entity

  Directly controlled by AXPC

Provenance

Return type

form_990

Tax year

2024

Filed

17 November 2025

IRS schema version

2024v5.2

Source object

202513219349315891

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