Tax Treatment Ensures Shale Is a Bounty for State Governments The energy industry is a rare bright spot in our economy – creating new jobs and opportunities for the American workforce while providing millions of dollars in state and federal tax revenue across the nation. As IHS-CERA recently highlighted, the development of unconventional oil and […]
Today, the American Petroleum Institute (API) released a study, conducted by Wood Mackenzie, that found repealing the Intangible Drilling Costs (IDCs) tax deduction would have a profoundly negative impact on American energy production, including the men and women whose jobs depend on it. According to the study, repeal of the IDC deduction would cost 190,000 American […]
The shale revolution has been, and continues to be, led by America’s independent producers. And now, even the OPEC cartel is being forced to pay attention. Since George Mitchell combined hydraulic fracturing and horizontal drilling in the Barnett Shale of Texas, the production from shale basins all across America has skyrocketed. As the Houston Chronicle […]
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