News

  • Energy Tax Facts
  • 16 Aug 13

Midland Reporter Telegram: O&G operator discusses how eliminating deductions would impact domestic energy production and the economy

Oil and natural gas producers opposing efforts to change tax treatments enjoyed by the industry are directing legislators’ attention to a new study on what repealing the Intangible Drilling Costs deduction would cost. The study, commissioned by the American Petroleum Institute, said eliminating that one tax deduction would cost the country 190,000 jobs and reduce […]

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  • Energy Tax Facts
  • 16 Aug 13

Detroit News (Op-Ed): Overtaxing energy industry could slow economy

The energy industry is adding to the U.S. economic recovery with the International Energy Agency predicting that we will be the largest producer of crude oil by 2020. The unemployment rate in North Dakota is 3.1 percent and 3.9 percent in South Dakota due to the expanding oil industry. Yet the Obama administration continues to […]

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  • Energy Tax Facts
  • 13 Aug 13

Senators Agree on Importance of Current Tax Provisions to Future Economic Growth

This year the Senate Finance Committee’s work on a potential overhaul of the U.S. tax code has included outreach to members of the Senate in order to identify those tax provisions that should be retained because they help “grow the economy, make the tax code fairer, or effectively promote other important policy objectives.” On Friday, […]

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  • Energy Tax Facts
  • 12 Aug 13

Roanoke Times (Column): Don’t Impeded Oil and Gas Production By Cutting IDCs

As a senator, candidate and now president, Barack Obama has regularly assailed oil companies. His mantra for action has been hit them with higher taxes and punish them with regulations. You know the words to his song: “We have subsidized oil companies for a century. That’s long enough.” “Tax giveaways aren’t right . . . and we […]

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  • Energy Tax Facts
  • 6 Aug 13

StateImpact OK: Oil and Gas Helped Fuel Record Year for Oklahoma Tax Revenue

Over the last 12 months, the state has collected $11.3 billion in tax revenue — an all-time high, State Treasurer Ken Miller said Monday. The record tax receipt — $12.6 million higher than the previous record set in December 2008 — is an indication that Oklahoma has recovered from the Great Recession, Miller said. One […]

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  • Energy Tax Facts
  • 1 Aug 13

Craig Howard (Illinois)

Craig Howard of Howard Energy Corp. discusses how cutting IDCs and Percentage Depletion would reduce his exploration and production budget by nearly one third.

  • Energy Tax Facts
  • 31 Jul 13

Houston Chronicle (Op-Ed): Removal of IDC Deduction Will Cost Us Jobs, Energy Security, and More

Texas is the largest oil and gas employer in the nation, and the city of Houston continues to be one of the most important energy centers in the world. There are almost 400,000 oil and gas workers in Texas, and last year alone that number increased by nearly 35,000. Houston is booming, and the economic […]

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  • Energy Tax Facts
  • 30 Jul 13

Lexology: IDCs Critical to Continued Domestic Energy Production

The …upcoming debate over energy taxes and energy policy tells us a great deal about Houston’s economic future. Texas is the largest oil and gas employer in the nation, and the city of Houston continues to be one of the most important energy centers in the world. There are almost 400,000 oil and gas workers […]

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