Blog Illinois Oil Reserve Property Tax Revenue Has Averaged $7.1 Million Per Year Since 2007 Many Illinoisans may not be aware that the state’s active oil production leases are assessed…adminMarch 5, 2025
Blog Illinois Oil Production Increased Slightly in 2024 Illinois year-over-year crude oil production increased slightly in 2024, totaling 7,212,196 barrels, according to data…adminFebruary 7, 2025
Blog Demise of Gasoline-Powered Vehicles Has Been Greatly Exaggerated The chasm between electric vehicle hype and reality was never more profound than during last…adminJanuary 15, 2025
Legacy Draft DOE Study Indicates Illinois Basin Oil Production Methane Emissions Are Negligible Preliminary results from a long-awaited U.S. Department of Energy marginal well methane emissions study have…adminDecember 3, 2020
Legacy UPDATE: U.S. Led World in CO2 Reductions For 10th Time This Century Last Year UPDATE: Dec. 3, 2020 The U.S. Energy Information Administration (EIA) has projected U.S. energy-related carbon…adminDecember 3, 2020
Legacy 6 Things to Know About New Department of Energy Report on Importance of Oil and Natural Gas Much has changed since the U.S. Department of Energy (DOE) released a 1999 report emphasizing…adminOctober 15, 2020
Legacy 5 Positive US Oil and Natural Gas Facts Everyone Should Know The U.S. oil and natural gas industry almost always finds itself on the defensive, responding…adminOctober 8, 2020
Legacy Policies Aimed at Reducing U.S. Oil Production Will Only Increase Imports Policies designed to deliberately decrease U.S. oil production have gained mainstream traction in recent years.…adminSeptember 24, 2020
Legacy UPDATE: 5 Examples That Show ‘Keep It In the Ground’ Movement Isn’t Serious About Reducing Emissions *UPDATE* Aug. 20, 2020, 4:15 p.m. As IPRB noted last week, “Keep It In the…adminAugust 20, 2020
Legacy Illinois Oil Production Bounces Back to Normal Levels After Rough Spring NOTE: This blog was updated on Aug. 7, 2020, with revised June production data. Illinois…adminJuly 30, 2020
Legacy Fact Checking the Indianapolis Star’s Misleading Story on PPP Loans to Fossil Fuel Companies A recent Indianapolis Star article claims Indiana fossil fuel companies “may have gobbled up more…adminJuly 21, 2020
Legacy Report Shows Oil Consumption Reached All-Time High in 2019 It has become quite fashionable to claim that the age of oil is all but…adminJune 25, 2020
Legacy Three Reasons Illinois Gasoline Prices Didn’t Crash Along With Oil Prices UPDATE: May 13, 2020, 3:25 p.m. CDT Data released this week by the U.S. Energy…adminMay 7, 2020
Legacy *UPDATE* Illinoisans Express Strong Support for State’s Oil Industry UPDATE: May 1, 2020 A total of 18 Illinois oil-producing counties have passed resolutions of…adminMay 1, 2020
Legacy Guest Column: Oil and Gas Indeed ‘Essential’ to Combating Coronavirus Editor's Note: The following guest column was recently published in the Robinson Daily News, Lawrence…adminApril 29, 2020
Legacy Chicago Tribune Letter to the Editor: Column on Production Cut Deal Misleading Editor's Note: The following letter to the editor was submitted by IPRB to the Chicago…adminApril 29, 2020
Legacy IPRB Letter to Gov. Pritzker: Oil and Natural Gas Industry Indeed ‘Essential’ April 2, 2020 The Honorable Governor JB Pritzker 207 State House Springfield, IL 62702 Dear…adminApril 2, 2020
Legacy Fact Checking the Petition to Ban Fracking in Illinois The Illinois Coalition Against Fracking (ICAF) has been circulating a petition that calls for governor…adminMarch 26, 2020
Legacy What a Fracking Ban Would Mean For Illinois Likely Democratic presidential nominee Joe Biden promised “no new fracking” during Sunday night’s debate. Such…adminMarch 19, 2020
Legacy Guest Column: US Economic Growth Has More to Do With Oil Boom Than Occupants of White House The United States is enjoying an unprecedented 11th consecutive year of sustained economic growth. Predictably,…adminFebruary 26, 2020
Legacy Illinois Oil Production Totaled 8.25 Million Barrels in 2019 Illinois crude oil production totaled 8,250,793 barrels in 2019, according to data compiled by the…adminJanuary 30, 2020
Legacy Report: Illinois Oil & Gas Reserves Generated $93.4M in Property Tax Revenue From 2007-2018 NOTE: This blog was updated with 2018 revenue on Jan. 23, 2020. Many Illinoisans may…adminJanuary 23, 2020
Legacy Illinois Oil Reserves Generated $4.3M in Property Tax Revenue in 2018 Recently posted Illinois Department of Revenue (IDOR) data show that Illinois oil and natural gas…adminJanuary 16, 2020