News

  • J Pett
  • 20 Apr 23

Tax Foundation: What Biden’s Budget Gets Wrong about Expensing for Intangible Drilling Costs

French philosopher Voltaire once famously described the Holy Roman Empire as neither holy, nor Roman, nor an empire. The latest presidential budget includes a section calling for the elimination of a handful of supposed subsidies, such as expensing for intangible drilling costs (IDCs), which the budget characterizes as “wasteful spending… on Big Oil.” Much like the Holy […]

  • Energy Tax Facts
  • 22 Oct 21

Sen. Steve Daines in The Western News: Defending Montanans from the Democrats’ tax and spend spree

Their bill also supports Biden’s attack on “Made in Montana” energy. It’s not enough that the president already killed the Keystone XL pipeline — he wants to go further and pass Sanders’ Green New Deal policies aimed at eliminating oil, gas and coal completely. We should be doing all we can to support an all-of-the-above […]

  • Energy Tax Facts
  • 18 Oct 21

Houston Chronicle: Balance industry action, regulation to achieve climate goals

By Amy Andryszak, CEO of INGAA and Chris Romer, CEO and Founder of Project Canary We appreciate workable methane regulations that continue the progress our members and organizations are currently making. But adding more taxes on natural gas will only divert resources away from meaningful investments in technology that enable and accelerate actual emissions reductions. […]

  • Energy Tax Facts
  • 14 Oct 21

The State Journal: Now is the time to boost manufacturing, not over-tax it

By Dean Cordle, president and CEO of AC&S Inc. The natural gas tax supported by some in congressional leadership will increase the cost of energy at every step from production to consumption, which means it will be a new tax levied on all Americans. In West Virginia, our citizens can ill afford new taxes on […]

  • Energy Tax Facts
  • 6 Oct 21

Mineral Rights Podcast: Mineral Rights News October 2021

This month the showhosts discuss articles that talk about whether or not we will be able to continue to expense Intangible Drilling Costs and to take the Percentage Depletion Deduction on our Royalties, Shell’s decision to leave the Permian Basin, and why elevated oil and gas prices will likely continue.

  • Energy Tax Facts
  • 5 Oct 21

TribLive: Punitive natural gas tax risks U.S. energy leadership, economic recovery

By Stephanie Catarino Wissman, executive director of the American Petroleum Institute Pennsylvania As Congress continues to craft a sweeping budget reconciliation bill, provisions within the package threaten to undermine American energy leadership and could potentially lead to higher costs. And few places will feel the pinch like Pennsylvania, the second-largest producer of natural gas in […]

  • Energy Tax Facts
  • 1 Oct 21

Odessa American: Reconciliation bill stirs rhubarb

Pfluger, Pruett, TIPRO excoriate Biden’s plan Texas political leaders and oil and gas producers are fighting President Biden’s proposed budget reconciliation bill with all the force they can muster, saying the bill’s energy-related measures would severely damage the nation. … Pruett said the reconciliation bill “has provisions designed to put U.S. oil and gas producers […]

  • Energy Tax Facts
  • 27 Sep 21

Daily Advertiser: Letter: $3.5 trillion budget bill would harm oil and gas industry

By Gifford Briggs, Gulf Coast Region Director, American Petroleum Institute The U.S. Congress is currently considering a $3.5 trillion budget bill that includes punitive tax and policy measures that will harm American workers and consumers and increase our dependence on foreign energy. A proposed natural gas tax and provisions disincentivizing federal oil and gas development would not only weaken […]