Tag: Texas

  • 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 […]