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  1. Fourteen US oil and gas trade associations asked US congressional leaders to resist proposals to increase oil and gas taxes during the 2012 yearend lame duck session

    Fourteen US oil and gas trade associations asked US congressional leaders to resist proposals to increase oil and gas taxes during the 2012 yearend lame duck session as an early step to address the looming federal fiscal crisis. “Through hundreds of billions of dollars invested to develop vast new oil and natural gas reserves, this industry is not only producing the energy a growing economy demands, but also creating tens of thousands of high-paying jobs while generating billions in new revenue for the government,” the Nov. 27 letter to US Senate Majority Leader Harry M. Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.), US House Speaker John A. Boehner (R-Ohio), and House Minority Leader Nancy Pelosi (D-Calif.) said. “Therefore, any attempts to target the oil and gas industry for punitive treatment should be avoided as higher taxes could put the economic growth we’ve created at risk,” it continued. The letter was signed by top officials from the American Petroleum Institute, Independent Petroleum Association of America, American Fuel & Petrochemical Manufacturers, Natural Gas Supply Association, American Exploration & Production Council, America’s Natural Gas Alliance, Association of Energy Service Cos., National Ocean Industries Association, Petroleum Equipment Suppliers Association, and five other industry associations. Contact Nick Snow at nicks@pennwell.com .

    Online Articles

    Online Articles

    Tue, 27 Nov 2012

  2. Obama keeps new oil, gas taxes in final 2010 budget

    US President Barack Obama released his final fiscal 2010 federal budget, which included $31.5 billion of new oil and gas taxes over 9 years that were part of the original request submitted to Congress in February.

    Online Articles

    Online Articles

    Thu, 7 May 2009

  3. Obama keeps new oil and gas taxes in his final 2010 federal budget

    US President Barack H. Obama released his final fiscal 2010 federal budget. It included $31.5 billion of new oil and gas taxes over nine years which were part of his original request to Congress.

    Online Articles

    Online Articles

    Fri, 8 May 2009

  4. Study finds new oil and gas taxes would cost US more than production

    New taxes on the oil and gas industry could cost hundreds of thousands of jobs, slow down economic growth and make the United States more dependent on foreign energy sources, a new study said.

    Online Articles

    Online Articles

    Fri, 6 Feb 2009

  1. Chamber study blasts proposals to increase oil and gas taxes , fees

    Online Articles

    Online Articles

    Thu, 18 Jun 2009

  2. Baucus circulates proposal to change federal oil, gas taxes

    US Senate Finance Committee Chairman Max Baucus (D-Mont.) released a federal tax reform discussion draft that would make intangible drilling costs, tertiary injectant expenses, and geological and geophysical expenses "qualified extraction expenses" similar to research and experiment outlays.

    Magazine Articles

    Magazine Articles

    Mon, 2 Dec 2013

  3. Industry officials attack latest call to raise oil, gas taxes

    Oil and gas industry association officials blasted a proposal sent by several congressional Democrats to the deficit reduction super committee on Nov. 2 to raise revenue by eliminating key provisions benefiting the industry.

    Magazine Articles

    Magazine Articles

    Mon, 14 Nov 2011

  4. Industry officials attack latest call to raise oil, gas taxes

    Oil and gas industry association officials blasted a proposal sent by several congressional Democrats to the deficit reduction super committee on Nov. 2 to raise revenue by eliminating key provisions benefiting the industry.

    Online Articles

    Online Articles

    Mon, 7 Nov 2011

  5. Obama keeps new oil, gas taxes in final 2010 budget

    US President Barack H. Obama released his final fiscal 2010 federal budget on May 7.

    Magazine Articles

    Magazine Articles

    Mon, 18 May 2009

  6. CIPA argues against proposed hikes in US oil, gas taxes

    Representatives from the California Independent Petroleum Association (CIPA) met with congressional members and federal officials in Washington, DC, last week to warn against what CIPA calls “the dire effects of higher taxes on domestic production.”

    Online Articles

    Online Articles

    Tue, 5 Apr 2011

  7. UK raising oil and gas taxes again

    UK Chancellor Gordon Brown announced a tax increase for oil companies in a move that energy experts predicted could discourage North Sea investment.

    Online Articles

    Online Articles

    Tue, 6 Dec 2005

  8. Alaska pipeline contract would freeze oil, gas taxes

    Alaska would implement no tax changes for the three North Slope oil producers for up to 45 years under a draft contract outlining terms for a proposed $20 billion pipeline to carry natural gas to the Lower 48.

    Online Articles

    Online Articles

    Fri, 12 May 2006

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