- 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.
Craig Howard of Howard Energy Corp. discusses how cutting IDCs and Percentage Depletion would reduce his exploration and production budget by nearly one third.
Don Nestor of Toothman Rice, P.L.L.C. explains what IDCs are and why they are vital to the continued production of American energy.
Doug Reynolds, the sole employee of Reynolds Resources, discusses how removing IDCs would inhibit the ability of small producers to find oil and gas.
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.
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.
Rick Plaeger of EOG Resources notes that eliminating IDCs will directly impact the number of wells EOG drills and the amount of American energy EOG produces
Jennifer Stewart of Southwestern Energy discusses how the removal of IDCs would have a $1.3 billion negative impact on Arkansas’ economy.
Gigi Lazenby, CEO of Bretagne, LLC, discusses the importance of IDCs to independent producers — companies with an average of just 12 employees.
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