A Technical Advisory Steering Committee that included stakeholder representation from industry, federal and state regulatory agencies, non‐government organizations, and academia was engaged to provide input and feedback on key project activities. The scope of work primarily consisted of the major tasks summarized below, each described further in the main body of the report.

Click Here to View Full Report

The post The DOE Report Report on Marginal Wells – Methane first appeared on Illinois Oil and Gas Association.

Oil Markets in Today’s Environment – Jim McCallie, HedgeRight Energy Solutions

• Download the presentation here

Hedging for Oil Producers: How to use futures market to manage oil price risk – Jim McCallie, HedgeRight Energy Solutions

• Download the presentation here

Handle Data Dilemmas in Microsoft Excel – Dawn Monroe, Microsoft Office Specialist Master, Dawn Monroe Training

• Download the presentation here

Environmental, Social, and Governance – What Does it Mean to the Small Independent – Seth Whitehead, Illinois Petroleum Resource Board

• Download the presentation here

The History of the Wildcatter Award – The All Time Top Ten Discoveries – Marshall Daniel, Marshall Daniel, Consulting Geologist & Robert Stewart, Stewart Producers & Dale Helpingstine, Retired Geologist

• Download the presentation here

What you need to know about Subsurface Energy Storage? – Hannes E. Leetaru, Illinois State Geological Survey

• Download the presentation here

Tachyus: Machine Learning/Artificial Intelligence for reservoir evaluation and optimization – Dayanara Bentancourt, Reservoir Engineering Advisor, TACHYUS

• Download the presentation here

Then and Now – The Past 75 Years of Well Logging, Hydraulic Fracturing and Waterflooding in the Illinois Basin – Jeff Hoy, Jerry Robinson & Jim Brooker

• Download the Well Logging presentation here
• Download the Hydraulic Fracturing presentation here
• Download the Waterflooding presentation here

Legal & Legislation Session
Matthew McArthy, McArthy Law & Jarred Tynes, Black, Ballard and McDonald, PC

• No presentation provided

The post 2022 Convention Presentations first appeared on Illinois Oil and Gas Association.

The post 2022 Annual Convention & Trade Show first appeared on Illinois Oil and Gas Association.

The post Longtime IOGA Members first appeared on Illinois Oil and Gas Association.

2021 Petroleum Professional of the Year

Mike Payne (left), Jim Brooker

2021 Administrative Excellence

Robert Stewart (left), Joyce King, J. Nelson Wood

2020 Special Drilling Award

Brad Richards (left), Rick Marquardt

2021 Service Person of the Year

John Upcraft (left), Robert Griggs, Dale Helpingstine

2021 Wildcatter of the Year & 2021 Lifetime Achievement Award

Justin Gesell (left), Mark Gesell, Brad Gesell, Craig Hedin, and Jake Hahn

The post Oil & Gas Producer Group had a Successful 75th Annual Convention & Trade Show first appeared on Illinois Oil and Gas Association.

What we are seeing today in energy prices is the impact of electing to work with cartels instead of the domestic oil and gas producers of America. We can supply the oil and natural gas right here in the U.S., for our country and the rest of the world, if provided the opportunity to operate.

There’s no reason to hobble one of America’s most innovate and economically essential industries by choosing to place punitive regulations that are literally drying up American supply. This ultimately hurts hard-working Americans who are going to feel the ramifications of higher prices the most. There is no need to raise the price of energy for every American family who are already dealing with inflation rates we haven’t seen in 40 years.

Read the full statement here.

The post DEPA Chairman Harold Hamm’s Statement on Rising Energy Prices first appeared on Illinois Oil and Gas Association.

IPRB Releases 2021 Illinois Oil Production Report

Illinois crude oil production totaled just under 7.4 million barrels in 2021. Click below to download IPRB’s annual Illinois oil production report.

2021 Illinois Oil Production Report
2021 Illinois Oil Production Press Release
2021 Illinois Oil Production by County Map

2021 Illinois Oil Production by County

IPRB’s annual Illinois oil production report also received coverage from WRUL/WROY radio in Carmi and the Robinson Daily News/Lawrenceville Daily Record. You can read the stories at the following links.

WRUL-WROY Story

Robinson Daily News/Lawrenceville Daily Record Story

The post IPRB Releases 2021 Illinois Oil Production Report first appeared on Illinois Oil and Gas Association.

Download the 2022 oil and gas assessment schedule 

The post 2022 Oil and Gas Assessment Schedule first appeared on Illinois Oil and Gas Association.

Elder succeeds Robert Stewart, a long-time oil industry leader from Mt. Vernon. Elder believes the annual production from the Illinois Basin is very strategic to the U.S.

“I am looking forward to working with the IOGA team in making an impact at the state legislature and national association levels,” said Jim Elder.

Elder was born and raised in Southern Illinois. He graduated from Eastern Illinois University with a B.S. in earth sciences – geography/geology. After graduation, he joined the Reed Tool Company and spent his entire career in the oil and gas service industry, serving domestic U.S. and international Latin America. He continued his education at Southern Methodist University earning an executive M.B.A.

“Jim has great experience in the oil industry and will bring a calm, steady outlook to our organization,” said J. Nelson Wood, IOGA president.

Elder enjoys cooking outdoors, traveling, and is a certified Master Gardner. He especially enjoys entertaining family and friends. He is married to Kathy and is the father of two sons.

The post Oil & Gas Producer Group Names New Executive Director first appeared on Illinois Oil and Gas Association.

ENERGY

At the heart of the session extension is a comprehensive energy bill pushed by the Clean Energy Jobs Act (CEJA).  House and Senate negotiators had been working with the Governor’s office to reach an agreed bill.  Key components are keeping the Exelon nuclear fleet in operation, extending a rate formula for utilities, extending credits for renewable energy and stronger ethics language in the wake of ongoing investigations regarding Commonwealth Edison.  CEJA wants a carbon tax but it was not included in the package that was moving forward.  Legislative leaders had an agreement on all major items except the Exelon incentives.  Language exempting coal-fired Prairie State Energy in Washington County was included in the legislative draft language.  Exempting coal-fired CWLP in Springfield was also being considered.  As staff was working on final language, the Governor’s office finally reached an agreement to keep the Exelon plants open.  This should have been the last major negotiated item.

CEJA and the Governor then demanded that all coal fired plants be shut down by 2035 and all gas fired facilities end by 2045. Organized Labor and coal interests objected, and the bill was not filed.

BUDGET

In the late hours of Memorial Day, the appropriation legislation was introduced in SB 2800. The budget for next year is $42.2 billion.  Illinois is scheduled to receive $8.1 billion from the federal government through the American Rescue Plan Act (ARPA).  The FY 22 budget has appropriated $2.5 billion from ARPA with the remainder subject to appropriation in Fiscal Years 2023-2025.

The bill was approved with 72 yes, 44 no, and 1 present votes in the House and the Senate approved it with 37 yes and 21 no votes.

In order to reach the necessary revenue to deal with the projected deficit from GRF, the governor’s office had proposed closing or reducing numerous tax incentives.  The Legislature’s budget incorporated only four from the original list:

• Eliminate accelerated depreciation allowed under the Federal Tax Cut & Jobs Act.The state estimates by removing this accelerated depreciation, it will generate $214 million for the state. The federal TCJA allowed a business to take 100% depreciation deduction in the year of purchase for qualifying assets.
• Cap Corporate Net Operating Loss (NOL) Deduction at $100,000 per year. This caps the amount a business can carry forward its NOL to future years. It is estimated the state will see an increase in tax revenues of $314 million.
• Align Treatment of Foreign-Source Dividends to treatment of Domestic Source Dividends.This was another tax incentive provided by the Federal Tax Cut & Jobs Act that allowed corporations to deduct foreign source dividends at 100% and global intangible low-taxed income at 50%. It is estimated the state will see an increase of tax revenue of $107 million.
• Stops the Corporate Franchise Tax phase out.In 2019 legislation was approved to begin the gradual phase out of the Corporate Franchise Tax by 2024. The BIMP bill eliminates the first $1,000 in Corporate Franchise Tax currently in place. It is estimated this will cost businesses $20 million.

ETHICS

SB 539 prohibits all fundraisers by a legislator or executive branch official statewide on or before session days. Currently, these events were only prohibited in Sangamon County on session days.  It would prohibit any legislator or executive branch officer to engage in lobbying for pay a unit of local government while in office. It provides that a violation will be a Class A misdemeanor. Also, any individual appointed to an executive agency, board or commission who controls a political action committee must freeze those funds while an appointee.

It further creates a 6 month ban for a legislator or executive branch official from becoming a lobbyist after leaving office. It also makes changes to make the Legislative Inspector General to be more independent in his or her operations and investigations.

It changes the way in which legislators are paid. If a legislator were to leave office, he or she would only be paid a pro-rated per day rate. Currently, a legislator can get paid a full month’s salary if he or she holds office for 1 day of the entire month.

The bill also requires anyone paid to be a lobbyist at the local level (municipal, county, township) to register with the Secretary of State, to be subject to all the requirements of being a state lobbyist.  The legislation requires consultants to subject to the same reporting requirements as lobbyists and register with the Secretary of State.

 2022 PRIMARY DATE CHANGE-REDISTRICTING

The General Assembly moved the 2022 Primary Election date to June 28th for this election cycle only. The bill delays the start of circulating petitions for candidates from established parties to January 13, 2022. The petitions would be submitted between March 7th through March 14th. The bill also lowers the number of signatures on petitions by approximately 1/3. Deadlines for mail-in ballot, early voting, and other voting requirements will be adjusted to match the new June 28th Primary Election Date.

The bill also makes other changes in the election code dealing with voting. It establishes the General Election Day of November 8, 2022, as a state holiday. Public schools would be closed and allowed to be used as public polling places. Curbside voting would be allowed not just on Election Day, but also during early voting. Election authorities will be required to have one common voting location open on election day either at the location of an election authority or in the authority’s largest municipality that will allow any registered voter to vote there instead of their polling place. Finally, it establishes the ability for a voter to request permanent mail-in ballot status.

Regarding local government redistricting, the bill makes several changes. It allows counties to use any data it wishes for redistricting of county board districts, including the US Census American Community Survey 5-year data. For most counties, it pushes the deadline back to complete their redistricting until December 31, 2021 vs. the current July 1, 2021, deadline. For counties with a voter elected county Chairperson or a County Executive, these individuals have until the third Wednesday in November 2021 to present their proposed redistricting plans.

The bill addresses the process for filling vacant seats in the General Assembly. Before the replacement of a State Senator or Representative, the committee making the replacement shall publicly make available the names of the committeepersons, the date, time, and location of the meeting, and how interested parties wishing to apply may do so. It also changes the process if a Senate or Representative District has a vacancy. The replacement committee will be the chair of the appropriate central committee and two appointees by the chair if the district is wholly within the County.

All 118 Representatives and 59 Senators will run in new districts in 2023.  New boundaries were established in HB 1777 to comply with the redistricting required after each census.  New Supreme Court boundaries were also established.  The Congressional maps will be voted on at a later date.  Illinois will lose one Congressional seat based on the U.S population.

TRAILER TAX

SB 58 creates a new class of small trailers. The new class of trailers will be classified as “Utility Trailer” (UT) are of one axel, weighing under 2,000 pounds, used primarily for personal or individual use, and not owned by a commercial business. The bill establishes a fee of $36 annually for the new UT plates and decreases the TA plate, which is a trailer of more than 2,000 but less than 3,000 pounds to $36 from $118 annually. The bill does increase the fee a certificate of title from $150 to $155 and all state revenues generated from this additional $5 will be deposited int the Road Fund.

The bill also changes the way in which the sales tax is collected on vehicle trade-in at $10,000 or more through a car dealership. The bill restores the full credit trade-in rates that had been capped at $10,000. The bill does put in place a new rate structure for person-to-person vehicle tax levels

The post Spring Session 2021 Legislative Report first appeared on Illinois Oil and Gas Association.