Idaho’s effective tax rate on oil and natural gas is less than half the average in eight producing states spread around the West, according to a report released Thursday by the state Department of Lands’ Oil/Gas Conservation Commission (OGCC).
States
Articles from States
EPA Issues Guidelines on Oil/NatGas VOC Emissions For Smoggy States
The U.S. Environmental Protection Agency (EPA) on Thursday issued finalized recommendations to smog-afflicted states for controlling volatile organic compound (VOC) emissions from oil/natural gas equipment. The guidelines — not rules — would apply to more wells than an earlier draft.
Belmont, Monroe Counties Continue to Drive Ohio’s Utica NatGas Production
Belmont and Monroe counties continued to dominate Ohio’s Utica Shale production in the first quarter, with wells in the play’s sweet spot there accounting for much of the increase in the state’s natural gas production, according to data from the Ohio Department of Natural Resources (ODNR).
U.S. Dry NatGas Production Still Increasing: 2.29 Tcf in March, EIA Says
Dry natural gas production in the United States reached 2.29 Tcf (74 Bcf/d) in March, marking the sixth straight year with a record high for the month, the Energy Information Administration (EIA) said.
Ten States, Industry Groups Urge Appellate Court to Vacate EPA’s Tighter Ozone Standard
Ten states and several industry organizations, including the American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), have filed petitions in federal appellate court challenging the U.S. Environmental Protection Agency’s (EPA) proposed changes to the National Ambient Air Quality Standards (NAAQS).
Ten States, Industry Groups Urge Appellate Court to Vacate EPA’s Tighter Ozone Standard
Ten states and several industry organizations, including the American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), have filed petitions in federal appellate court challenging the U.S. Environmental Protection Agency’s (EPA) proposed changes to the National Ambient Air Quality Standards (NAAQS).
Pennsylvania, Ohio Could Avoid Oil, Gas ‘Resource Curse’ by Creating Permanent Trusts, Says Brookings
To avoid the unavoidable price volatility that accompanies oil and natural gas development, states that have become dependent on energy revenues should consider creating permanent trust funds that overcome boom-and-bust price cycles, the Brookings Institution said Tuesday.
Pennsylvania, Ohio Could Avoid Oil, Gas ‘Resource Curse’ by Creating Permanent Trusts, Says Brookings
To avoid the unavoidable price volatility that accompanies oil and natural gas development, states that have become dependent on energy revenues should consider creating permanent trust funds that overcome boom-and-bust price cycles, the Brookings Institution said Tuesday.
Clean Power Plan Faces Uncertain Future After Stay by U.S. Supreme Court
In an unusual move, and a sign that the Obama administration’s proposed Clean Power Plan (CPP) could be in trouble, the U.S. Supreme Court on Tuesday temporarily blocked implementation of the rule until all legal challenges have been resolved.
U.S. Rig Count Drops by 48; Texas Again Leads Decline
The count of drilling rigs active in the United States plummeted again for the week ending Feb. 5. The U.S. total declined by 48 units to end at 571, which is just under 40% of where it was one year ago when the count was 1,456.