News

  • Energy Tax Facts
  • 31 Oct 13

Oil & Gas Journal: Voters oppose new energy taxes, API plans to tell federal lawmakers

American Petroleum Institute lobbyists plan to remind members of the 113th Congress considering possible federal budget reforms in 2013’s final weeks that their constituents don’t support new energy taxes, said Stephen Comstock, API tax and accounting policy director. They specifically plan to cite findings of a recent Harris Interactive telephone survey API commissioned of 1,001 […]

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  • Energy Tax Facts
  • 30 Oct 13

Houston Chronicle: Majority of Americans Oppose Taxes that Will Reduce Energy Production

Most registered voters believe raising taxes on oil companies would hike costs for consumers and oppose boosting energy taxes now, according to a poll unveiled Tuesday. Oil industry leaders and lobbyists say the new polling data, from a Harris Interactive survey commissioned by the American Petroleum Institute, helps them make the case that lawmakers should […]

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  • Energy Tax Facts
  • 22 Oct 13

Oil and Gas Supply Chain Group Supports the IDCs Deduction

This week the Energy Equipment and Infrastructure Alliance (EEIA) sent a letter to leaders of the House Ways & Means and Senate Finance Committees urging members to reject any proposal to eliminate the expensing of intangible drilling costs (IDCs) as part of any comprehensive tax reform.  Significantly, the EEIA does not represent oil and gas […]

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  • Energy Tax Facts
  • 18 Oct 13

My West Texas: IPAA Highlights Importance of Tax Code at Conference

A budget stalemate may have slowed government activity, but the oil and gas industry still should carefully watch several initiatives that could dramatically impact activity. Opening the annual Executive Oil Conference at the Horseshoe Tuesday, Ryan Ullman, director of government relations and political affairs at the Independent Petroleum Association of America, listed three areas for […]

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  • Energy Tax Facts
  • 8 Oct 13

IDCs Supporting the American Economy

As record U.S. energy production continues to make headlines across the globe, a new report from IHS CERA finds the economic impact of shale development alone is reaching far beyond the well pad – again highlighting why the intangible drilling cost (IDC) deduction is pivotal to the American economy. According to the report, development of […]

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  • Energy Tax Facts
  • 13 Sep 13

Houston Chronicle (Op-Ed): Misguided tax reform would hurt oil industry, economy

As national budget discussions escalate, we can expect to be given more insight into Congress’ framework for business tax reform. The American oil and natural gas industry commonly becomes a target in these discussions. However, rarely is any focus given to the positive benefits of existing tax laws. Three specific areas[…]

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  • Energy Tax Facts
  • 12 Sep 13

Oil and Gas Journal (Editor’s Column): President Obama and His Approach to Oil

With Barack Obama in the White House, energy commentators never lack for subjects. Because Oil & Gas Journal editorials about Obama’s energy policies have been frequent and usually negative, the question sometimes arises whether the OGJ editor dislikes the president. To set the record straight: Without knowing the man[…]

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  • Energy Tax Facts
  • 12 Sep 13

Witchita Eagle (KIOGA’s Ed Cross): IDCS Supporting Critical Domestic Energy Production

The current conflict in the Middle East only underscores the need for increased domestic energy production. Unrest in oil producing regions around the world will always cause fluctuations in the price of oil. Markets will always react to uncertainty, whatever the source At its core, U.S. energy independence is[…]  

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