Petroleum Independent articles from October 1991

Petroleum Independent archives from October 1991

Chairman's column. (objectives of the Independent Petroleum Association of America) (Column)
October 1, 1991... CHAIRMAN'S COLUMN Kind words are ineffectual in the rough and tumble political environment of Washington with billions of dollars at stake in legislative/regulatory actions. Our weaponry is limited to facts, logic and reason. The battle is...

Independents are responsible environmentalists. (objectives of the Independent Petroleum Association of America) (Column)
October 1, 1991... Independents are Responsible Environmentalists Dear Independent: Environmental lobbyists are saying there is a war brewing in the oil patch - this time over the issue of whether oilfield wastes should be regulated as hazardous waste under...

E&P wastes under attacks, Bode says no to new regs. (regulation on oil and gas exploration wastes; Dennis Bode) (Column)
October 1, 1991... E&P Wastes Under Attack, Bode Says No to New Regs On Sept. 11 the head of the nation's leading association of independent oil and gas producers told Senate lawmakers that oil and gas drilling and production wastes are currently extensively...

Independents lack capital, tax laws add to problems. (independent oil and gas producers)
October 1, 1991... Independents Lack Capital, Tax Laws Add to Problems Domestic oil and gas producers should be allowed to use their long established ordinary and necessary business deductions such as drilling costs and the allowance for depletion of the...

IPAA offers DOE suggestions on EOR cost-sharing programs. (Independent Petroleum Association of America; Department of Energy; enhanced oil recovery)
October 1, 1991... IPAA Offers DOE Suggestions on EOR Cost-Sharing Program The IPAA Enhanced Oil Recovery (EOR) Task Force had its second meeting on Aug. 28 in Dallas, to discuss the DOE Cost-Sharing Program for EOR Projects that was launched recently as part...

Ruling allows AMT refunds. (alternative minium tax)
October 1, 1991... Ruling Allows AMT Refunds The Court of Appeals for the Federal Circuit has affirmed the decision of the U.S. Claims Court that may entitle producers to claims for refunds of alternative minimum taxes paid in prior years. This decision (Hill...

Senators support producers, amend bankruptcy law. (Senate Subcommittee on Courts and Administrative Practice)
October 1, 1991... Senators Support Producers, Amend Bankruptcy Law Earlier this summer, the Senate Subcommittee on Courts and Administrative Practice (Committee of the Judiciary) approved legislation long sought by IPAA that would remedy the present situation...

Senators seek tax changes. (Senate committee on Energy and Natural Resources submits recommedations for energy tax initiatives)
October 1, 1991... Senators Seek Tax Changes The Senate Committee on Energy And Natural Resources has forwarded to the Senate Finance Committee a letter listing recommendations for a series of energy tax initiatives that would complement the National Energy...

EIA confidentiality unsure. (Energy Information Administration to provide company data to any federal government department or agency requesting it)
October 1, 1991... EIA Confidentiality Unsure The Department of Energy announced in August that the Energy Information Administration (EIA) must provide company data in its possession to any federal government department or agency requesting it for official...

Oil's share of the trade deficit rises.
October 1, 1991... Oil's Share of the Trade Deficit Rises The U.S. merchandise trade deficit has been a closely watched economic indicator around the world, taking on the same psychological importance as the money supply and commodity prices. From World War II...

Standard-bearer from San Antonio. (Eugene L. Ames Jr. elected as chairman of the Independent Petroleum Association of America)(includes related article)
October 1, 1991... Standard-Bearer from San Antonio Eugene L. Ames Jr., the 29th chairman-elect of IPAA, sees the mission of his new role clearly. In the 11th floor office of his Venus Oil Company, overlooking the beautiful river that winds through historic...

IRS issues new, improved S corporation regs. (Internal Revenue Service)
October 1, 1991... IRS Issues New, Improved S Corporation Regs The Internal Revenue Service has recently issued a new set of proposed regulations relating to the requirement that an S corporation can have only one class of stock outstanding. The new rules...

George Edward Kadane. (Obituary)
October 1, 1991... George Edward Kadane Wichita Falls oilman George Edward Kadane, 52, died Sept. 17 at his home. He was president and CEO of Kadane Oil Co., which he founded and organized in 1974. Kadane served as president of the North Texas Oil & Gas...

Portable computers and the IPAA menber.
October 1, 1991... Portable Computers and the IPAA Member Last October's Petroleum Independent featured a special section on popular oilfield software and included results from an IPAA-member survey. The feedback from that issue, which noted that 60 percent of...

Workstation software improves E&P productivity. (oil exploration and production)
October 1, 1991... Workstation Software Improves E&P Productivity In today's petroleum marketplace, operators relentlessly weigh every business decision against expected profitability. Drilling, completion and reservoir development opportunities must each be...