Tag: IDCs

  • Energy Tax Facts
  • 7 Sep 17

OpEd: Don’t Let Tax Reform Hamper The Nation’s Energy Needs

IPAA President Barry Russell writes on tax reform and our nation’s energy needs in Investor’s Business Daily. As Russell states, “As Washington, D.C., looks to tackle reforming the tax code, the critical role of American energy production cannot be overlooked. Tax reform is essential to keep the U.S. economy growing. This effort needs to move […]

  • Energy Tax Facts
  • 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 […]

  • Energy Tax Facts
  • 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
  • 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
  • 22 Sep 14

Tyler Morning Telegraph: Alex Mills of the Texas Alliance of Energy Producers Discussed Energy Tax Reform

The federal tax code is voluminous and complicated. Just about everyone who has filed a federal income tax return knows how complicated it can be. However, attempts to simplify and shorten the tax code have failed time and time again, because the tax laws and regulations have been used over and over again to encourage […]

  • 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
  • 12 Jun 14

Washington Times (Op-Ed): Unfair efforts to punish the oil industry with taxes

The small and independent energy companies that have driven welcome developments such as the shale-gas boom in North Dakota, Pennsylvania, Ohio, Arkansas and elsewhere could be hit hard, too. Various proposals to alter percentage depletion and intangible drilling cost write-offs, tax-law sections that have equivalents in many other industries, are of special concern to them.

  • Energy Tax Facts
  • 24 Apr 14

Wichita Eagle (KIOGA’s Ed Cross): Independent producers generating a domestic energy revolution

The American oil and natural gas industry has been a bright spot in our economy, with benefits felt across the nation and here in Kansas. Innovations spurred by small businesses and entrepreneurs have generated a domestic energy revolution. American oil and natural gas production is up because the small businesses that make up the independent […]