Did you know Illinois oil reserves are assessed and taxed as real estate, similar to property taxes paid on a residential home? This is how the ad valorem tax on oil reserves help the communities they reside in.
Most folks probably don’t think of Illinois as an oil and natural gas industry state, but it is. IPRB highlights the economic impact the industry makes in the state in a new video, with emphasis on the exploration and production sector of the industry.
Most folks probably don’t think of Illinois as a major #oilandgas industry state, but it is. #DYK the Illinois oil and natural gas industry generated $22 billion Gross Regional Product in 2020 – 3% of the state’s economy. (1/9)
We are going to need a lot of oil for decades to come, and it’s better to produce as much of it here as possible rather than rely on other countries for the oil we need, Sun-Times reader Seth Whitehead writes. https://t.co/a2LzEnUI0D
New @IPRB98 Guest Column: Curtailing U.S. oil, gas production forfeits energy independence, increases emissions https://t.co/57ipw0Npnn via @altontelegraph
You might have read that we don’t need oil anymore, or that the oil industry is in an “existential crisis.” But in reality, the world is going to need a lot of oil for many decades to come. Here’s why. (1/8)
Melony Barrett of the @ILGeoSurvey will conduct
an instructional webinar on the newly revised ILOIL website during next week's IOGA/IPRB Producers Forum. The Zoom conference will be held at 1 p.m. on Wednesday, Jan. 13, and you can register here: https://t.co/5NK0H0IsrJ (1/2)
@ILGeoSurvey The Domestic Energy Producers Alliance President and CEO, Jerry Simmons, will also discuss the state of the U.S. oil and gas industry following the recent political upheaval at the national level. (2/2)
Melony Barrett of the @ILGeoSurvey will conduct
an instructional webinar on the newly revised ILOIL website during next week's IOGA/IPRB Producers Forum. The Zoom conference will be held at 1 p.m. on Wednesday, Jan. 13, and you can register here: https://t.co/5NK0H0IsrJ (1/2)
Be sure to check out IPRB's latest newsletter featuring an educational video demonstrating how IL Basin frac fluid is at least 99% water and sand, with the remaining 1% or less composed of harmless additives, most prominently guar beans and borax (soap). https://t.co/Aky5MXNw5a
Every day, we strive to improve the energy products we create for the people and communities we serve.
This graph shows that as our industry has continued to produce more and more liquid fuels every year, fewer and fewer people are living in poverty.
Ah yes, North Face, who is fully divested from oil and gas except for..... their supply chain, synthetic petroleum-based clothing materials, transportation, retail stores, and manufacturing.
Virtue signaling is exhausting.
Stop it.
https://t.co/YERVrsU96d
Don't forget to register for tomorrow's Producers Forum featuring https://t.co/wVEvagA00i columnist David Messler. David will share why he believes oil prices will trend upward in 2021. The Zoom conference will begin at 1 p.m. https://t.co/21NQiF4gve
Check out our latest newsletter for details on a long-awaited Department of Energy report that shows methane emissions from Illinois Basin marginal oil wells are negligible. https://t.co/kwg0kU08MG
"OPEC+ clearing the hurdle of exiting its current cuts in a coordinated way and its focus on both growing production and drawing inventories reinforces our conviction in a steady and sustainable rally in oil prices through 2021," Goldman said.