Note: At the end of this article, there are Q&A’s with legislators about the legislative session. As the smoke clears on the recently concluded legislative session, Texas’ oil and gas interests can be relieved that nothing too damaging found passage. Still, questions remain and certain issues linger. If there are two things that West Texans […]
What Constitutes Fair Tax Treatment?
contributed by the Texas Society of Certified Public Accountants The answer could lie in this–a white paper on legislative proposals to repeal certain tax treatments of domestic oil and gas exploration and development. Introduction The United States is currently experiencing a significant budget deficit with expenditures projected to exceed income by nearly $845 billion for […]
Repercussive Regs
by Jesse Mullins Heavy regulation is hard enough on an oil and gas operator, but the hampering effect felt by smaller operators in West Texas and New Mexico is especially onerous. Kendrick Oil and Gas Company president Phil Kendrick, Jr., had plenty to add in this vein. (See other remarks by Kendrick in our […]
Legislative Sessions
With the start of a new year, elected officials in Texas and New Mexico can begin digging into legislative issues instead of election infighting. Unlike previous years when the energy industry came under fire in both states concerning regulations or the commission that regulates its activities, 2013 is a year when experts are predicting relatively […]