• Energy Tax Facts
• 24 May 21

S&P Global Platts: Listen: Independent US oil, gas drillers fight higher taxes, leasing ban

The White House and Democrats in Congress are looking at a number of ways to increase taxes and federal revenues from the oil and gas industry as part of their climate and clean energy agenda.

They’re looking at higher royalty rates on federal lands and eliminating deductions like intangible drilling costs and percentage depletion.

S&P Global Platt’s Meghan Gordon spoke with Dan Naatz, executive vice president for the Independent Petroleum Association of America, for the ‘Capitol Crude’ podcast about how his group is engaging on this issue.