Breaks

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.

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.

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.

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.

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.

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.

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.

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.

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.