Remove 2008 Remove Energy Remove Oil
article thumbnail

Renewable Energy & Conservation Tax Act of 2008

The Energy Law

By Katie Caswell The House Ways and Means Committee has introduced HR 5351, the Renewable Energy and Energy Conservation Tax Act of 2008, which eliminates the manufacturing tax credit for major oil and gas companies and locks the credit at six percent for other producers and refiners.

Energy 40
article thumbnail

Timing of Oil Shock Hits Exactly as Predicted in Article of Last Year

Energy Central

A major spike in price volatility surged through the oil markets last week. A tight sequence.

Oil 45
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

You Cannot Just Read the Regulations to Understand Stormwater Permitting for Oil and Gas Activities!

The Energy Law

Holden EPA’s most recent NPDES regulations for stormwater permitting of oil and gas facilities were vacated by the Ninth Circuit in 2008 and new regulations have not been promulgated. The 1987 amendments to the Clean Water Act (“CWA”) added language creating a permitting exemption for uncontaminated runoff from Oil and Gas operations.

Oil 40
article thumbnail

Why The U.S. Has A Diesel Shortage

Energy Central

Last week, the Energy Information Administration (EIA) reported that distillate inventories were at their lowest levels since 2008. The primary distillates are diesel, jet fuel ,and heating oil). However, in 2008 distillate levels were low coming out of spring. That’s far worse than the situation in 2008.

Oil 40
article thumbnail

OPEC is Trying to Outlast The Shale Boom

Energy Central

Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. oil production growth was approaching 5 million BPD, OPEC decided they could no longer ignore it. By late 2014, as U.S.

Barrel 45
article thumbnail

Texas Court Holds Produced and Stored Oil Transferrable as Personal Property in Assignment

The Energy Law

the First Court of Appeals in Houston held that oil which had been severed and stored in tanks on site was personal property and thus was transferred by an assignment of the oil and gas property on which the tanks were located. Merlon Texas, Inc., Emphasis by the court). To read the case, please go to [link]

Oil 40
article thumbnail

Caddo Parish Commissioners Approve Ordinances Affecting Oil and Gas Operations

The Energy Law

By Matthew Simone After seven months of discussion and postponement, Caddo Parish Commissioners approved new regulations affecting oil and gas operations. Second, oil and gas operations may not use public water supplies unless permitted by state or parish approval. These regulations involve three directives.