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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. Well Eligibility. Additionality.

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The End of LIBOR: What’s Next for Lenders and Borrowers?

The Energy Law

According to Britain’s Financial Conduct Authority, the London Interbank Offered Rate, or LIBOR, will be phased out and abandoned by the end of 2021. What should lenders and borrowers do to prepare for the end of LIBOR? Lenders and borrowers should monitor the development of alternative benchmark interest rates.

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Natural Gas Making an Impact Through Statewide Projects

Marcellus Shale Coalition

Funded entirely by Pennsylvanias impact tax on natural gas development, the Commonwealth Financing Authority (CFA) is awarding $16 million in grants to fund 148 new projects across the state, Governor Josh Shapiro recently announced. I thank the Commonwealth Financing Authority and state Sen. Representative LaTasha D.

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A note on the news – Decision time: For Europe – and others

Oil & Gas 360º

Germany, once considered Europes industrial and economic leader, followed such illogical energy policies it is now de-industrializing. The US will not abandon Europe. If various European countries rearm, they will each make an individual decision on debt financing and the balance between defense and welfare spending.