Independents told tax measures still alive

US independent producers still have a fair chance of getting tax relief measures from Congress next year, speakers told attendees at the recent Independent Petroleum Association of America annual meeting in Dallas. But more controversial measures, such as an extension of the ban blocking a controversial federal royalty rule, are in trouble.Sen. Kay Bailey Hutchison (R-Tex.) led the effort to delay the US Minerals Management Service royalty rule this fall (OGJ, Oct. 4, 1999, p. 40). The regulation would revise the method by which oil companies calculate royalties for oil production from federal lands.A House-Senate conference committee amended her amendment for a 12-month deferral to a pro...

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