Producers active in Louisiana — where they enjoy an exemption from state severance taxes on horizontal well production — are increasingly eschewing conventional drilling to take advantage of the tax break, and that’s showing up in state revenue figures, according to a recent forecast from the state’s Legislative Fiscal Office. However, industry advocates advise: look at all the other taxes producers are paying.
Eschewing
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Louisiana: Drillers Going Where the Taxes Aren’t
Producers active in Louisiana — where they enjoy an exemption from state severance taxes on production from horizontal wells — are increasingly eschewing conventional drilling to take advantage of the tax break, and that’s showing up in state revenue figures, according to a recent forecast from the state’s Legislative Fiscal Office. However, industry advocates advise: look at all the other taxes producers are paying.
January 5, 2012
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