News

  • Energy Tax Facts
  • 16 Jun 21

The Oklahoman: Your turn: President Biden’s energy plan penalizes oil and gas royalty owners

By Richard C. Lerblance, a member of the Pittsburg County Democrat Club. …Royalty payments are paid to thousands of Oklahomans on a monthly basis from oil and gas production. As a matter of fact, the May edition of ROAR, a publication produced by the National Association of Royalty Owners, listed Oklahoma as having 2,537,250 royalty […]

  • Energy Tax Facts
  • 5 Jun 21

Washington Examiner: Lee Fuller and Ryan Ullman of IPAA Discuss President Biden’s Budget and Repeal of Industry Tax Provisions

“What is absolutely without a doubt is that passing this budget, regardless of company size or structure, is going to fundamentally disadvantage America’s standing in the global energy space,” said Ryan Ullman, vice president of government relations and political affairs at the Independent Petroleum Association of America. “We are going to produce less oil and […]

  • Energy Tax Facts
  • 2 Jun 21

Colorado Politics: Tax hike on oil & gas will kill jobs

By Sam Bradley, co-founder of Small Operator Society, a coalition of more than 65 small oil and gas companies that currently operate more than 15,000 active wells across Colorado. As Colorado and America emerge from the worst of the COVID-19 pandemic, it is imperative that communities and businesses are given every chance to roar back […]

  • Energy Tax Facts
  • 1 Jun 21

Washington Examiner: Senate Democrats propose overhauling energy tax code to combat climate change

“The provisions of this bill that repeal an array of oil and natural gas tax deductions were written solely to undermine American production,” said Barry Russell, president and CEO of the Independent Petroleum Association of America, which represents independent and small oil and gas producers. Senate Minority Leader Mitch McConnell, during a speech on the Senate […]

  • Energy Tax Facts
  • 29 May 21

Biden Budget Proposal Repeals Industry Tax Provisions

President Biden issued his first full budget proposal today, a 1,700-page plan detailing a dramatically increase the size and scope of the federal government with more than $6 trillion in spending over the coming fiscal year. Vast new spending would be paired with significant tax increases on corporations and the wealthy. The budget includes the same changes to oil and natural gas industry tax provisions […]

  • Energy Tax Facts
  • 26 May 21

Senate Finance Committee Bill that Repeals Oil and Natural Gas Tax Provisions Moves Forward

Today the Senate Committee on Finance held a hearing to discuss Chairman Ron Wyden’s ‘Clean Energy for America Act.’ The sweeping energy tax legislation includes over 30 billion dollars in tax incentives for elective vehicles, AND contains the repeal of multiple oil and natural gas industry tax provisions including Intangible Drilling Costs and Percentage Depletion. In the final vote following debate on amendments, […]

  • 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 […]

  • Energy Tax Facts
  • 13 May 21

More than 50 Lawmakers Urge Pelosi to Consider Impacts When Targeting Tax Treatment of O&G Industry

Today Rep. Jodey Arrington (R-TX), Whip Steve Scalise and more than 50 other lawmakers wrote to Speaker Pelosi on tax treatment of the oil and natural gas industry.“It’s one thing for policies to accelerate investment activity or production of certain products, but it is an entirely different matter to write laws that would punish a particular industry, especially one that is so fundamental to our economic growth and national […]