Breaks

Private Equity Steps Up For JV to Expand Matador’s Delaware Basin Midstream Assets

Units of Matador Resources Co. and private equity firm Five Point Capital Partners LLC have formed joint venture (JV) San Mateo Midstream LLC to operate and expand Matador’s midstream assets in the Permian’s Delaware sub-basin in Eddy County, NM, and Loving County, TX.

February 17, 2017
North Dakota Governor Signs Bill to Help Cut Flaring

North Dakota Governor Signs Bill to Help Cut Flaring

North Dakota Gov. Jack Dalrymple on Monday signed into law a measure (HB 1134) offering tax breaks to oil and natural gas operators as an incentive to cut flaring of associated gas at the wellhead on oil wells. HB 1134 was passed last week by the North Dakota legislature. It will be effective July 1.

May 1, 2013

No Surprises for Energy in Obama Budget

President Obama’s $3.77 trillion budget for fiscal year (FY) 2014, unveiled Wednesday, for the fourth time seeks to repeal tax breaks for oil and natural gas producers. It also would tack on new fees for operations on federal lands and increase oil and gas royalties to fund renewable fuel development.

April 11, 2013

Proposed Tax Breaks for Canadian LNG Stumble

Canada’s federal Conservative government has deflected a first stab at obtaining special corporate tax breaks for liquefied natural gas (LNG) export projects, but supporters vow to keep on trying.

March 25, 2013

Tax Breaks for Canada LNG Stumble

Canada’s Conservative government has deflected a first stab at obtaining special corporate tax breaks for liquefied natural gas (LNG) export projects, but supporters vow to keep on trying.

March 25, 2013

Corbett Steps Up Marcellus Ethane Cracker Effort

Pennsylvania Gov. Tom Corbett on Wednesday added his voice to the chorus of state officials calling for construction of a petrochemical complex, including an ethane cracker, in Beaver County, PA.

June 22, 2012

Michigan Lawmakers Want to Boost Gas, Oil Development

A bipartisan group of Michigan House lawmakers is urging its colleagues to consider ways to expand the use of natural gas, offer tax breaks to some producers, get regular reports on the state’s infrastructure and capabilities for natural gas, and put more land with state-owned mineral rights up for oil and natural gas leasing.

April 30, 2012

Initiatives to Boost Gas, Oil in Michigan Under Consideration

A bipartisan group of Michigan House lawmakers is urging its colleagues to consider ways to expand the use of natural gas, offer tax breaks to some oil producers, get regular reports on the state’s infrastructure and capabilities for natural gas, and put more land with state-owned mineral rights up for oil and natural gas leasing.

April 26, 2012

West Virginia Governor Signs Ethane Cracker Bill

West Virginia Gov. Earl Ray Tomblin signed a bill Thursday that offers tax breaks to companies that build an ethane cracker in the state, then jetted off to Houston to meet with Royal Dutch Shell plc executives about their plans to possibly build such a facility in the Mountain State.

January 30, 2012

West Virginia Ethane Cracker Bill Sent to Governor

Lawmakers in the West Virginia Senate have voted unanimously in favor of a bill extending tax breaks to companies that build an ethane cracker in the state, and have sent the measure to Gov. Earl Ray Tomblin for his signature.

January 26, 2012
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