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DATE: 01/30/2025
Jonathan G. Browning | Chief Strategy Officer | Hornet Corporation, Tennessee
According to www.oil.com, Ukraine's military launched drone strikes against a Russian oil refinery located in the Nizhny Novgorod region. This attack is part of a broader offensive aimed at crippling Russia's energy infrastructure, which also includes a nuclear power facility.
In a statement released on January 29, Ukraine's Defense Ministry claimed that the refinery was "providing support to the Russian occupation army." The ministry emphasized that operations against strategic sites aiding Russian military actions would persist.
Radio Free Europe/Radio Liberty verified the incident through geolocation data, corroborating social media reports that depicted significant fires at the Sibur-Kstovo oil refinery near Nizhny Novgorod. Additionally, officials from several Russian regions—including Smolensk, Nizhny Novgorod, Tver, Kursk, Leningrad, and Bryansk—reported overnight drone attacks by Ukrainian forces, although they did not specifically address the refinery incident. In response to safety concerns, authorities in Kazan and St. Petersburg temporarily halted traffic.
Ukraine Escalates Drone Strikes on Russian Energy and Nuclear Facilities
Vasily Anokhin, the Governor of the Smolensk region, took to Telegram to announce that various civilian structures were under heavy drone assault. While details remained sparse, it was noted that the Smolensk Nuclear Power Plant, a key energy producer located approximately 100 kilometers from Smolensk city, is in the vicinity.
The Russian Defense Ministry reported that its defenses successfully intercepted 104 Ukrainian drones across multiple regions overnight. However, independent verification of these claims was not available.
Both Ukraine and Russia have increasingly relied on unmanned aerial vehicles (UAVs) in recent months, frequently targeting each other's energy sectors. Russia, in particular, has been accused of inflicting extensive damage on Ukrainian civilian infrastructure using drones, rockets, artillery, and various explosives. Despite substantial evidence, the Kremlin continues to deny targeting civilian areas.
On the Ukrainian front, Governor Vitaliy Kim of the Mykolayiv region reported that two women lost their lives in a Russian missile strike on the city. Meanwhile, Ukrainian President Volodymyr Zelenskyy criticized Russian President Vladimir Putin for his reluctance to engage in peace negotiations, asserting that Putin aims to prolong the conflict indefinitely. Zelenskyy emphasized that Putin's actions are designed to make the war endless, reflecting his frustration with the lack of direct talks.
In contrast, Putin addressed Russian state television, suggesting that while negotiations with Ukraine are feasible, they cannot occur with Zelenskyy, whom he labeled "illegitimate" due to the expiration of his presidential term during a period of martial law. Putin proposed that any negotiations should involve the Ukrainian parliament's chairman acting in accordance with the constitution, adding that there has been no indication of a desire to proceed with such discussions.
Meanwhile, Axios reported that the U.S. military has moved approximately 90 Patriot air-defense missiles from storage in Israel to Poland, with the intention of supplying them to Ukraine. The operation involved decommissioned Patriot systems that the Israeli Air Force had retired over three decades ago following their deployment during the first Gulf War. After Israel announced the decommissioning, Kyiv requested that the missiles be returned to the U.S. for refurbishment before being forwarded to Ukraine, according to sources familiar with the matter.
About the Author
Jonathan Browning, Chief Strategy Officer at Hornet Corporation, brings extensive experience in strategic planning, operations management, and stakeholder relations. With a focus on innovation and emerging technologies like AI and blockchain, Jonathan drives growth and operational excellence while championing American energy independence.
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This publication is provided for informational and marketing purposes only and does not constitute, nor should it be construed as, tax, legal, investment, or financial advice. Hornet Corporation, including its affiliates and subsidiaries (referred to as Hornet Corp. or H.Corp), expressly disclaims any liability arising from reliance upon the information contained herein. Readers are strongly encouraged to seek independent counsel from qualified tax, legal, and financial professionals to address their specific facts, circumstances, and objectives.~ This document is a Hornet Corporation publication intended to provide general, non-specific information based on historical and current data, statistical references, and/or research. Certain content may include citations or references to third-party sources. While reasonable efforts have been made to ensure the accuracy and completeness of the information, Hornet Corporation makes no representations, warranties, or guarantees, whether express or implied, as to the reliability, timeliness, or accuracy of the information provided. ~Should you believe any information herein needs to be more accurate, complete, or otherwise requires clarification, please contact Hornet Corporation directly at info@hornetcorp.com. ~ All content herein, including but not limited to text, graphics, and design, is copyrighted and constitutes the sole intellectual property of Hornet Corporation. Unauthorized use, reproduction, dissemination, or distribution of this material, in whole or part, without prior written consent is strictly prohibited. Hornet Corporation expressly reserves all rights.
For a quarter of a century in the oil industry, our team at Hornet Corp has navigated the inherent fluctuations of a commodity-based market with unwavering stability. Our operational approach and robust structure have fortified our resilience, allowing us to withstand significant downturns such as the COVID-19 pandemic and the 2008-2009 financial crisis. While many companies retracted or shuttered during these challenging times, we, alongside our partners, remained steadfast, continuously investing in our shared objectives.
Our partners deeply value our commitment and trust in our dedication to every aspect of our business—from effectively producing wells and ensuring the prompt delivery of tax documents to the timely distribution of revenue checks and maintaining seamless communication throughout the entire process.
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Beyond our comprehensive involvement in each phase of oil well development, we've strategically invested in adeptly navigating the complexities of a commodity-based business. Hornet Corp owns leasing and operating companies, demonstrating our commitment to integrated asset management. We've established a robust infrastructure that supports our operations by owning our headquarters, field office, research and development office, and supply yard. These strategic assets, combined with our unique business model, empower us to efficiently raise capital, drill, and complete wells swiftly and cost-effectively, setting us apart in the industry.
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Our involvement spans the entire oil well development spectrum, offering our partners a seamless experience. This comprehensive approach eliminates the need for middlemen and reliance on multiple companies. We oversee everything from leasing, investment, drilling, and completion to the operation of the wells, ensuring efficiency and cohesion at every step. By centralizing these phases under one roof, we streamline the process, making it more accessible and effective for our partners and enhancing the overall potential success of each project.
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We design our programs to offer accredited partners significant ownership across multiple wells without requiring a hefty investment. By advocating for diversifying investments across several wells, we maximize potential returns for our partners. Additionally, our strategically chosen locations provide the unique opportunity to drill wells that can tap into multiple pay zones within various formations, significantly enhancing the chances of success. Our approach goes beyond targeting a single pay zone, aiming for multiple layers of potential within each well to ensure sustained profitability.
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Hornet Corporation’s leadership has been recognized as keynote speakers at prestigious Forbes events, including the World Money Show, The Investment Masters Symposium in Miami, FreedomFest, and Mines & Money, showcasing our expertise and leadership in the energy sector. As a proud member of the Hendersonville Chamber of Commerce, the Tennessee Oil and Gas Association, and the Kentucky Oil and Gas Association, we are deeply committed to both local and regional energy initiatives. Hornet has also been honored with the Oil and Gas Boom Maker Award, a testament to our groundbreaking discoveries and unwavering efforts to advance American energy production, fostering innovation and energy independence.
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ALAN MURRELL -CEO
Alan Murrell, CEO of Hornet Corporation, is a leader in the energy sector focusing on ethical resource development. Born in Metcalfe County, Kentucky, he runs the family-owned business with his wife, Kimberly, and their three children, highlighting the importance of family, community, and innovation. Alan navigated the company through tough times, including the financial crisis and the COVID-19 pandemic, showing resilience and a commitment to growth. The Boom Maker Award recognizes his domestic oil development and environmental stewardship efforts. Alan’s leadership at Hornet Corporation reflects his dedication to his family, community, and sustainable energy.
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About the Hornet Corporation Leadership Team
Hornet Corporation’s leadership team combines expertise in finance, operations, strategy, and field management to drive the company’s success in domestic oil and gas ventures.
Kimberly Murrell, CFO,
Optimizes financial strategy and sustainability, focusing on growth, accountability, and transparency.
Ronald C. Filer, COO,
Leverages over two decades of experience in oil development and acquisitions, ensuring operational excellence and strong partner relationships.
Jonathan G. Browning, CSO,
Implements strategic initiatives and growth opportunities with a focus on efficiency and innovation.
Greg Parnell, Director of Field Operations,
Manages drilling and production activities, ensuring projects meet timelines and high operational standards.
This seasoned team’s combined leadership and expertise position Hornet Corporation as a trusted oil and gas development force.
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Are you interested in discovering how oil and gas investments can provide unique tax advantages for accredited investors? Hornet Corporation is here to help you explore these opportunities and how they may align with your financial goals. Due to the inherent risks involved in oil and gas drilling ventures, we work exclusively with accredited investors. Click the button below to schedule your appointment and speak with one of our knowledgeable representatives to learn more. Don’t wait—get started today!
Investing in oil and gas offers unique opportunities for tax savings that can significantly enhance your financial strategy. Through provisions like the Intangible Drilling Costs (IDC) deduction, investors can deduct a substantial portion of well-related expenses in the year they are incurred, potentially reducing taxable income. Additional benefits include the depletion allowance and favorable amortization schedules for certain costs. To discover how these incentives can work for you, click here to learn more.
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