The DOE Report Report on Marginal Wells – Methane

This project commenced in March 2019 under an Assistance Agreement with the U.S. Department of Energy (DOE) National Energy Technology Laboratory (NETL), with supplemental cost share provided by oil and gas industry partners. The objective of this research was to measure methane emissions from marginal well sites at various basins across the United States. The goal was to collect and evaluate representative, defensible, and repeatable data and draw quantifiable conclusions on the extent of emissions from marginal wells across oil and gas producing regions of the U.S., and to compare these results to published data on the emissions from nonmarginal wells.

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

2022 Convention Presentations

We had some great speakers at this year’s Annual Convention & Trade Show! Did you miss something? Need the presentations? Download the presentations below.

 

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

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

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

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

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

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

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

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

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

  • No presentation provided

2022 Annual Convention & Trade Show

Longtime IOGA Members

DEPA Chairman Harold Hamm’s Statement on Rising Energy Prices

“This Administration needs to immediately reverse course on energy both in America and globally.

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.

IPRB Releases 2021 Illinois Oil Production Report

Seth Whitehead, IPRB

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

2022 Oil and Gas Assessment Schedule

The following are full 100% values of working and royalty interest in an oil well, and should be debased in the median level of assessment for the county.

Download the 2022 oil and gas assessment schedule 

Oil & Gas Producer Group Names New Executive Director

The Illinois Oil and Gas Association (IOGA) announced Jim Elder of Carmi, IL, as the new Executive Director.

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.

Covid Related Credits & Self Employment Savings

We appreciate Michael Finazzo of Brown, Smith and Settle, LLC and the Illinois Basin Professionals for putting together this presentation.

You can view the presentation here.

You can view the slides here.