Deficit Panel May Aim at Oil Tax Breaks

Source: Houston Chronicle, Jennifer Dlouhy (9/6/11)

"A big question is whether the panel will embark on a broad rewrite of the tax code, with a lower corporate tax rate in exchange."

Houston Chronicle, Jennifer Dlouhy

An industry that usually likes gushers is hoping President Barack Obama hits a dry hole in his bid to repeal coveted oil and gas company tax breaks.

Lee Fuller, the vice president of government relations for the Independent Petroleum Association of America, said a big question is whether the deficit-cutting panel will embark on a broad, top-to-bottom rewrite of the tax code, with the promise of lowering the corporate tax rate in exchange for doing away with specific deductions and credits.

"Once you start getting into that arena of tax deductions, then it seems like everything's in play," Fuller said. . .View full article

Oil and Gas Co.'s Production Restored
Source: Stephane Foucaud (04/25/2024)

Further visibility on GeoPark Ltd.'s Argentina acquisition could be a catalyst for the share price, according to an Auctus Advisors research note.

Expert Says Gas Stockpiles Could Be Drawn Down by AI Electricity Demands
Source: McAlinden Research (04/25/2024)

McAlinden Research shares a deep dive into the natural gas sector as it struggles to rebound, sharing charts from some ETFs that may be effected.

E&P Co. To Restart Drilling in Equatorial Guinea
Source: Stephane Foucaud (04/24/2024)

Panoro Energy ASA's drilling contract will allow production in EG to return to growth, according to an Auctus Advisors research note.

Is a Commodities Super Cycle on the Way?
Source: Streetwise Reports (04/19/2024)

Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.

Energy Co. Looks at Spinning Off Hydrogen From Oil & Gas Interests
Source: Streetwise Reports (04/18/2024)

As the move toward clean energy picks up steam, this energy company is looking at turning its hydrogen subsidiaries and its oil and gas interests into separate companies.