IDNR Report April 17, 2020
Active wells (does not include TA wells) Production 21,262 Injection 6,343 Total 27,605 TA wells Production 3,080 […]
Entries by ioga
Illinois House & Senate Working Groups
Dan Reitz | IOGA Lobbyist The Illinois House and Senate are currently working from home. They are both planning on using working groups to formulate a plan of action in these uncertain times. Working groups have been established on a range of topics to evaluate the items necessary to deal with the ongoing coronavirus, and […]
Executive Order 18
This order extends the Executive Orders issued by Governor Pritzker, in response to COVID-19, until April 30th. We are still listed as an essential industry and will continue to update the ever-changing state of our state. Read the Executive Order 18 here
Paycheck Protection Program FAQs for Small Businesses
(Source: U.S. Senate Committee on Small Business and Entrepreneurship) Where can I apply for the Paycheck Protection Program? You can apply for the Paycheck Protection Program (PPP) at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and additional lenders approved by […]
Federal Legislative Update – CARES Act
Dan Reitz | IOGA Lobbyist Federal: The U.S. Senate passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act or the ‘‘CARES Act,’’ the nearly $2 trillion negotiated legislation responding to the coronavirus pandemic and effects on the economy. The House is scheduled to pass the legislation on Friday. Some Highlights: The legislation continues […]
Illinois State Legislative Update
Dan Reitz | IOGA Lobbyist The Illinois House has canceled session for the week of March 30. Committee deadline for House bills has been extended to April 24. 3rd reading deadline for House bills is now set for May 8. The Senate is following the same schedule. Both chambers were scheduled to be off the […]
SBA Disaster Loan Program
This information is correct as of 3/23/2020 Anyone interested in applying for this program will apply directly with the SBA. This loan program is NOT being funneled through Banks like the typical SBA 7A or SBA 504 loan programs are. Click here for the SBA Disaster Loan Program. Click here to download the presentation from […]
Illinois Unemployment Resources
This information is correct as of 3/23/2020 COVID-19 and Unemployment Benefits Unemployment benefits may be available to some individuals whose unemployment is attributable to COVID-19. IDES recently adopted emergency rules to try to make the unemployment insurance system as responsive to the current situation as possible. What is Unemployment Insurance (UI)? In general, UI provides […]
Illinois Tax News – Providing Emergency Assistance Programs
This information is correct as of 3/25/2020 The Illinois Department of Commerce and Economic Opportunity is working to provide emergency assistance programs for Illinois small businesses. Click here for the current status of the plan initiatives. IL 2019 Taxes: The Illinois due date for individuals, trusts, and corporations to file and pay taxes has been […]
Exercise Care In Shutting Down Leases
With the drop in the price of oil, operators may feel compelled to completely shut down operations as to a particular lease. This could prove to be a risky proposition. An IlJinois Appellate Court decision in 2003 stated as follows with respect to the cessation of operations and the status of the lease: “One of […]