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Fossil Fuel Royalty Payments

Governor Mark Gordon has issued the following statement in response to the Biden Administration’s announcement it plans to withdraw a Trump administration rule lowering royalty payments on fossil fuels.

The list of anti-fossil fuel actions implemented by the Biden Administration without prior consultation with fossil fuel Governors just keeps getting longer. This announcement is clearly a pattern, and the effort to justify this withdrawal based on harm to the U.S. taxpayer is disingenuous.

Judge Blocks the Biden Lease Pause

A Louisiana Federal Judge ruled that new oil and gas leases could not be temporarily halted on federal lands nationwide.

Judge Terry A. Doughty of the United States District Court for the Western District of Louisiana granted a preliminary injunction Tuesday against the administration, saying that the power to pause offshore oil and gas leases “lies solely with Congress” because it was the legislative branch that originally made federal lands and waters available for leasing.

Carbon Storage May 2021 Newsletter

The Department of Energy (DOE), the Office of Fossil Energy (FE) and the National Energy Technology Laboratory (NETL) release May’s 2021 Carbon Storage Newsletter (CSN) and summarizes public and private sector carbon storage news from around the world.

The Carbon Storage Newsletter provides information on recent activities and publications related to carbon storage.  It covers domestic, international, public sector and private sector news in areas such as: DOE/NETL Highlights, announcements, project and business developments, legislation and policy, emissions trading, science and publications.

Energy Rebound Program

$12 million of remaining CARES Act funds will be used to fund the Energy Rebound Program

Governor Mark Gordon has announced that up to $12 million of remaining CARES Act funds will be used to fund the Energy Rebound Program, which is designed to get more people working in the energy industry. In 2020 the Energy Rebound Program provided badly needed capital for specified oil and gas projects, including drilled but uncompleted ventures, workovers, and reclamation of oil and gas wells through the plugging and abandonment process.

Wyoming Powder River Basin Core Work

EORI will award $2.5 million for core collection and core studies for contributions to a Powder River Basin, Wyoming-based project – First Come, First Served

EORI is looking for companies that have hard plans to drill a well in 2021 through the following emerging formations in the Powder River Basin of Wyoming: Frontier, Turner, Belle Fourche and Mowry.

Wyoming Oil and Gas Fair 2021 Webinar Event 1

The Wyoming Oil and Gas Fair is pleased to present Wyoming Governor Mark Gordon and the Executive Director of the Wyoming Energy Authority, Dr. Glen Murrell as speakers for the first Wyoming Oil and Gas Fair Virtual Series event. This webinar will focus on the current state of Wyoming’s oil and gas industry and its future.

Now in its 25th year, the Wyoming’s Oil and Gas Fair has brought industry leaders together to promote the very best in the oil and gas industry in Wyoming.  In a world with many unknowns, rapidly shifting economic conditions, and an ever-changing regulatory environment, the landscape for the oil and gas industry is as it has never seen before.

Tax Incentives for Carbon Capture

Carbon Capture Utilization and Storage Tax Credit Amendments Act could spur clean energy innovation and reduce greenhouse gases.

The bipartisian legislation combines two priorities, the extension window for projects to begin construction and qualify for the 45Q tax credit to the end of 2030 and a direct pay option for the 45Q tax credits. 

This extension window would provide project developers and investors the financial certainty and time horizon needed to complete current projects and launch many new ones to begin scaling up carbon capture, direct air capture and carbon utilization technologies to meet midcentury climate goals.

The direct pay option for the 45Q and 48A tax credits would allow recipients to receive the full value of the credits as an estimated payment on their tax return allowing companies to secure the private investment needed to finance projects, while avoiding the wasteful inefficiencies and added cost of tax equity transactions that constrain the very innovation that these tax credits aim to incentivize.

Graeme Finley Appointed to Governing Board of Wyoming’s Professional Geologists

Governor Gordon Appoints the Enhanced Oil Recovery Institute’s Graeme Finley to the Governing Board of Wyoming’s Board of Professional Geologists.

Mr. Graeme Finley joins the Governing Board with over 20 years of geologic experience and 14 years as a professional Geologist.  Mr. Finley has served on the Wyoming Geologic Association’s Board from 2000-2012 in various capacities including Editor, Vice President, President, Field Conference Technical Sessions Chair, Field Conference Chair and Field Conference Committee Member.  Graeme’s talents include reservoir characterization, computer-enhanced geologic analysis, horizontal well planning and geosteering, waterflood implementation and optimization and expert testimony at Wyoming Oil and Gas Conservation Commission hearings.  Mr. Finley has worked for independent operators and as a consultant and has industry experience operating assets in Wyoming.