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  • 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 […]

  • Energy Tax Facts
  • 10 Apr 14

Broad Resources Industry Coalition Urges Preservation of Percentage Depletion Tax Deduction; Repeal Would Put Jobs at Risk

Washington, D.C. – The tax reform discussion draft released recently by House Ways and Means Committee Chairman Dave Camp (R-MI) would repeal the percentage depletion deduction. A broad group of resources industries trade associations, listed below, urges Congress to reject this unwarranted proposal that would significantly harm the competitiveness of American resources producers. U.S. mineral, […]

  • Energy Tax Facts
  • 10 Mar 14

IPAA Responds to President Obama’s 2015 Budget

Last week, President Obama released his final 2015 budget. As in years past, the president repeated his call to repeal certain tax provisions that support American energy development, including the Intangible Drilling Cost (IDC) deduction. This action would not only impact the ability of America’s independent oil and natural gas producers – companies that account […]

  • Energy Tax Facts
  • 26 Feb 14

IPAA Responds to Chairman Camp’s Tax Reform Proposal Affecting Independent Oil and Natural Gas Producers

Barry Russell, president and CEO, Independent Petroleum Association of America: IPAA President & CEO Barry Russell issued the following statement in response to Chairman Camp’s tax reform proposal released today. “IPAA appreciates the effort that Ways and Means Committee Chair Dave Camp has put into the development of a federal tax reform proposal.  This document […]

  • Energy Tax Facts
  • 12 Feb 14

What They’re Saying: Reactions to the 2014 SOTU

As President Obama highlighted in his 2014 State of the Union, oil and natural gas production continues to provide new opportunities for the American economy and manufacturing sector while boosting our national security. Yet this year the president again repeated a call to repeal certain tax provisions provided to the oil and natural gas industry. […]

  • Energy Tax Facts
  • 30 Jan 14

SOTU Emphasizes Importance of Continued American Energy Production

This week, President Obama took the stage for the 2014 State of the Union to reflect on the past year, project his plans for  2014, and – as he has done in many years prior – emphasize the critical role of American energy for the U.S. economy. As the President highlighted, the United States is […]

  • Energy Tax Facts
  • 13 Dec 13

Industry Responds to Chairman Baucus’ Tax Proposal

On December 13th, the Independent Petroleum Association of America (IPAA), American Petroleum Institute (API), America’s Natural Gas Alliance (ANGA), and other industry leaders sent a letter to Chairman Baucus regarding his recent tax reform proposal and its impact on a major recent success stories in the American economy – the oil and natural gas industry. […]