Blog

  • Dana.Bohan
  • 24 Apr 17

Tax Reform & the Oil and Natural Gas Industry: What You Need to Know

The Trump administration and Congress have announced plans to reform the tax code in the months ahead, with President Trump stating there will be a “big announcement on Wednesday.” No doubt any updates to the U.S. tax code will include a high level of debate, with changes to the corporate tax rate, import rates, and more […]

  • AdamS
  • 15 Aug 16

New Report Misses the Mark on Energy Tax Deductions

A new report released by the Council on Foreign Relations analyzes the role of three tax provisions on the oil and natural gas industry in an effort to determine the impact of removing these historic deductions from the U.S. tax code. Unfortunately, the report fails to understand the larger consequences of eliminating these provisions, including […]

  • Energy Tax Facts
  • 18 Jul 16

Chairman Brady Releases Tax Reform Proposal

This June, House Committee on Ways and Means Chairman Kevin Brady (R-TX) released the framework of a major tax reform proposal. This proposal addresses reforms to corporate, individual and international tax policy. Chairman Brady has developed this proposal to initiate efforts to reform the current federal tax code in order to make taxes fairer to […]

  • Energy Tax Facts
  • 9 Feb 16

U.S. Oil, Gas Producers React to Obama Budget, Tax Hikes

Statement from Barry Russell, president and CEO, Independent Petroleum Association of America (IPAA): “In the last five years, the success of America’s oil and natural gas industry has taken our nation from energy dependence and scarcity to security and abundance.  We have achieved status as a global energy leader.  Today, the United States’ energy resources are […]

  • Energy Tax Facts
  • 8 Feb 16

IPAA Combats Administration’s Proposed $10 Fee on Every Barrel of Oil

Last Thursday, the Obama Administration announced its plan to fund the nation’s transportation infrastructure with a  $10 fee on every barrel of oil produced in the United States.  Yet, the Administration was unclear on how this plan would work and how it would account for imported oil and petroleum products. IPAA was quick to respond […]

  • Energy Tax Facts
  • 3 Feb 15

President Obama’s 2016 Budget Proposal Derails Energy Progress

This week, President Obama released the administration’s budget proposal for Fiscal Year 2016. As in year’s past, the proposed budget takes aim at the critical tax-provisions that support America’s independent oil and natural gas producers, companies with an average of just 12 employees who drill 95 percent of the nation’s oil and natural gas wells. […]

  • Energy Tax Facts
  • 26 Sep 14

Senate Finance Committee Talks Energy Taxes

This month, the Senate Finance Committee held a hearing on the U.S. tax code as it pertains to American energy development, including the role and future of certain provisions that impact America’s independent oil and natural gas producers. Present at the hearing was the Honorable Don Nickles, who served in the U.S. Senate from 1981 […]

  • Energy Tax Facts
  • 12 Aug 14

Survey: IDCs Critical to Continued Energy Production

IPAA recently released its 2012-2013 Profile of Independent Producers, a compilation and survey of the key characteristics of independent oil and natural gas companies and the issues they face. These energy producers – companies with an average of 12 employees who drill 95 percent of America’s oil and gas wells – continue to develop energy […]