Taxes

Louisiana Horizontal Well Owners Dodge Tax Bullet

An initiative to tax the horizontal segments of natural gas wells was stopped in its tracks by Louisiana House and Senate committees Monday when lawmakers refused to go along with the idea promoted by the Louisiana Tax Commission.

March 16, 2011

Gas Prices Holding Down Consol’s Marcellus Build-Up

Consol Energy Inc. has reduced a planned build-up of its horizontal rig fleet in the Marcellus Shale due to low natural gas prices, the Appalachian Basin player said Thursday.

January 31, 2011

Former Arkla CEO: Arkansas Severance Tax Still Too Low

Arkansas should increase its severance tax rate on natural gas production, including production from the Fayetteville Shale, to help pay for road repairs in gas producing areas, said Sheffield Nelson, former CEO of Arkla Inc., the state’s largest gas company. Nelson was among those who pushed for the state’s last severance tax increase three years ago.

November 24, 2010

Marcellus Coalition Regrets Pennsylvania Inaction on Gas Tax

With a proposed natural gas severance tax for Marcellus Shale production apparently not forthcoming from the Pennsylvania General Assembly before the Nov. 2 election, one group representing the industry said it is “regretful that…common sense legislative initiatives” have not been adopted by the state.

October 26, 2010

Quebec’s Shale Producers Face More Scrutiny

Natural gas explorers that hope to tap into Quebec’s emerging Utica Shale and St. Lawrence River lowlands face more scrutiny going forward, Environment Minister Pierre Arcand said Monday.

October 6, 2010

Economists See Carbon Control Boosting Natural Gas Prices

Restructuring energy use in the United States to drastically cut greenhouse gas emissions through cap-and-trade systems or taxes on carbon dioxide will come at a high cost for the nation’s citizens, according to an analysis, “The Cost of Climate Regulation for American Households,” by two Clemson University economists.

March 3, 2009

Alaska Politico Blames AGIA for MidAmerican’s Absence

Alaska’s three North Slope producers — BP, ExxonMobil and ConocoPhillips — hemmed and hawed about taxes and fiscal assurances under the state’s gasline framework, all but turning up their noses at the process. But industry watchers were pretty much counting on an application from pipeline giant MidAmerican Energy Holdings Co.

December 10, 2007

MidAmerican’s Snub Sparks ‘Told You So’ From Alaska Politico

Alaska’s three North Slope producers — BP, ExxonMobil and ConocoPhillips — hemmed and hawed about taxes and fiscal assurances under the state’s gasline framework, all but turning up their noses at the process. But industry watchers were pretty much counting on an application from pipeline giant MidAmerican Energy Holdings Co.

December 4, 2007

ConocoPhillips CEO Suggests Energy-Price Insurance for New Ventures

ConocoPhillips CEO Jim Mulva cautioned Congress last week about imposing new taxes on oil and natural gas producers, which he said would discourage production in U.S. basins on- and offshore.

July 23, 2007

ConocoPhillips CEO Says No Silver Bullet for Energy Needs

ConocoPhillips CEO Jim Mulva Thursday cautioned Congress about imposing new taxes on oil and natural gas producers, which he said would discourage production in U.S. basins on- and offshore.

July 20, 2007