Tag: oil and gas industry

  • 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
  • 4 Mar 14

O&G Journal: IPAA Reacts to President Obama’s 2015 Budget

  • Energy Tax Facts
  • 27 Feb 14

Multi Industry Letter on Cost Recovery

  • 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 […]

  • AdamS
  • 14 Feb 14

National Journal (IPAA’s Barry Russell): Embracing Natural Gas Is a No-Brainer

In his State of the Union speech last month, President Obama doubled down on his support for natural gas, calling it “the bridge fuel that can power our economy with less carbon pollution that causes climate change.” Is that the right decision? Why or why not? The president’s full-throttled endorsement of natural gas—both as an economic driver […]

  • 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
  • 15 Jan 14

Percentage Depletion: Save a Stripper Well

By Jessica Sena In 1926, Congress passed an accounting standard to address the closure of oil and gas businesses across the country, and to spur investment in the robust development of American natural resources. Prior to this, the only deduction for mineral resources wascost depletion, which did not provide sufficient opportunity for smaller, independent businesses to retain revenues to […]

  • Energy Tax Facts
  • 13 Jan 14

Industry Coalition Sends Letter to Chairman Baucus on Tax Reform