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The policy brief highlights a systemic gap between self-reported methane emissions in the US oil and gas sector and actual emissions measured via remote sensing. It argues that current EPA Greenhouse Gas Reporting Program (GHGRP) guidelines rely on simplistic assumptions that miss 'super-emitting' events, leading to underestimations of emissions by factors of two to four. This data gap threatens the efficacy of the Inflation Reduction Act's (IRA) Waste Emissions Charge, potentially resulting in hundreds of millions of dollars in lost fees. The author calls for the integration of empirical data and updated reporting categories to improve transparency, incentivize mitigation, and ensure accurate pricing of methane emissions.