Entries by ioga

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 […]

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 […]

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 […]

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 […]