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“The ongoing sanction against Russia due to the Russia–Ukraine war has led to a decline in the European countries’ import of oil from Russia, which has a significant impact on the market. The decline in this trade led to increase in the search for oil resources in offshore areas, which is expected to drive the demand […]
Last summer Pennsylvania House Bill (HB) 2644 was passed into law, becoming Act 96 of 2022 (see New PA Act 96 Helps Boost Plugging Orphan Wells – Left Goes Nuts). Part of the new law keeps the power to raise bonding amounts for conventional wells with the legislature rather than allowing PA’s unelected Democrat bureaucrats
Yesterday MDN told you about a new assault on the oil and gas industry in Pennsylvania coming from the Chairman of the House Environmental Resources & Energy Committee, anti-fossil fuel zealot Greg Vitali, who (along with 13 other leftists) introduced House Bill (HB) 962, aimed at raising the bonding rates for drilling new conventional wells
As we told you last week, the Pennsylvania Dept. of Environmental Protection (DEP) was long ago supposed to have reintroduced a new set of regulations for the conventional oil and gas industry in the state to control methane emissions (see PA DEP Playing Beat the Clock with VOC Reg for Conventional Wells). The method used