News

  • Energy Tax Facts
  • 6 Jun 13

E&E News (sub req’d): Role of MLPs in the development of America’s shale plays

Tax-favored partnerships have fueled the shale gas boom — will that continue? Peter Behr, E&E reporter As shale hydrocarbons development surges, redrawing the U.S. energy map, so has construction of pipelines and processing infrastructure. Most of the cash that is financing the enormous capital projects comes from tax-favored investments called master limited partnerships. Capital spending […]

  • Energy Tax Facts
  • 5 Jun 13

CPA News: Ernst & Young study finds that oil and gas producers are building up historic oil reserves

U.S. oil and gas producers, including some in Tulsa, are spending billions to develop historic levels of new reserves despite a downturn in profits due to lower natural gas prices, according to a study released Tuesday by national accounting firm Ernst… June 05 — U.S. oil and gas producers, including some in Tulsa, are spending […]

  • Energy Tax Facts
  • 3 Jun 13

Mark Miller (Louisiana)

Mark Miller, President of Merlin Oil and Gas, discusses how tax provisions such as IDCs support small independent oil and natural gas producers like him.

  • Energy Tax Facts
  • 31 May 13

Will Saudi Arabia Allow the U.S. Oil Boom? Interview with Chris Faulkner

Technology, technology, and more technology—this is what has driven the American oil and gas boom starting in the Bakken and now being played out in the Gulf of Mexico revival, and new advances are coming online constantly. It’s enough to rival the Saudis, if the Kingdom allows it to happen. Along with this boom come […]

  • Energy Tax Facts
  • 29 May 13

Viewpoint: Don’t add taxes to energy producers

Sen. Max Baucus’s announcement that he would not seek another term has touched off a flurry of speculation among Washington’s pundit class about the impact of his retirement. But beyond “inside baseball” discussions about electoral fortunes of his would-be successors, what does Baucus’s departure mean for the issue of tax reform? After all, he has […]

  • Energy Tax Facts
  • 27 May 13

Ron Whitmire (Texas)

Ron Whitmire with EnerVest, Ltd. discusses how losing the ability to expense IDCs would be have an immediate reduction in EnerVest’s capital budget, reducing the number of wells drilled, jobs created, and revenues generated for the state and federal government.

  • Energy Tax Facts
  • 23 May 13

CPA Report Right on Energy Taxes

Written by IPAA’s Jordan Dewbre: Through a report released on Monday, the Texas Society of CPA’s has just now found itself definitively on the right side of the Energy Tax issue. Though the risk of repeal of expensing of intangible drilling costs, the percentage depletion allowance, the domestic manufacturing deduction, and the exemption to the passive […]

  • Energy Tax Facts
  • 23 May 13

Midland Reporter-Telegram: CPA committee urges caution in increasing taxes on oil industry.

Jobs, tax revenues and the nation’s energy security could be impacted by efforts to reduce the national budget deficit. Among the budget proposals put forth — and one that has been proposed the last several years — is eliminating tax provisions utilized by the oil and gas economy, including intangible drilling cost deductions, percentage depletion, […]