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Oil & Gas Blog

February 02 2018
U.S. Tax Reform a Mixed Bag for Oil and Gas Companies

The new tax plans impact on energy companies is complicated, and oil and gas companies may see a rise in competition. In an article from The Greeley Tribune, author Nikki Work writes, “Though producers make their decisions primarily based on the quality and price of the product, Maniloff said it’s possible they will shift production

January 29 2018
Sales and Use Tax Overview for Oil and Gas Clients in Top Producing States

Sales and use tax can significantly impact your oil and gas company. Are you aware of these financial impacts? In an article from Accounting Web, author Brent Watson writes, “This article is intended to provide a high level overview of how these taxes typically affect producers in states with substantial oil and gas activity”. In

January 19 2018
U.S. Oil Industry Set to Break Record, Upend Global Trade

The U.S. oil industry is set to become a top competitor as early as 2019. What does this mean for businesses? In an article from Business Insider, author Liz Hampton writes, “The economic and political impacts of soaring U.S. output are breathtaking, cutting the nation’s oil imports by a fifth over a decade, providing high-paying

January 05 2018
What Will Drive The Next Oil Price Crash?

What does 2018 have in store for oil prices in America? Some experts think that oil demand will grow in addition to growth for U.S. shale production. In an article from Oil Price, author Tsvetana Paraskova writes, “As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten

December 22 2017
Oil and Gas Industry Wins Big in Tax Bill

Big winners of the newly passed tax bill include the oil and gas industry. According to an article from S&P Global Platts, “The bill opens up hundreds of acres in Alaska, off limits for decades, to drilling; maintains tax breaks for producers, including some industry lobbyists concede were not a priority; and calls for millions

December 01 2017
Three Lessons The Oil and Gas Industry Can Learn From the Astros

How can oil and gas become a champion of the energy industry? By following the steps of the 2017 World Series champions, the Houston Astros. In an article from Offshore Magazine, author David Aldrich writes, “In 2011, the Houston Astros professional baseball team was one of the worst teams in baseball. From 2011-2014 the franchise

November 17 2017
Fossil-Fuel Friendly Tax Plan Spares Oil, Not Solar or Tesla

Oil and gas companies will benefit from the tax plan proposed in the U.S. House, while solar energy companies and Tesla will not. In an article from Bloomberg Markets, authors Alex Nussbaum, Brian Eckhouse, and Emma Ockerman write, “The proposal, unveiled Thursday, slashes tax rates almost in half for most corporations, and expands the ability

November 10 2017
New Tax Plan is Fossil-Fuel Friendly

The recent tax bills circulating Washington appear to be fossil-fuel friendly, which is very good news for the oil and gas industry. In an article from Bloomberg Markets, authors Alex Nussbaum, Brian Eckhouse, and Emma Ockerman write, “The proposal, unveiled Thursday, slashes tax rates almost in half for most corporations, and expands the ability of

November 03 2017
Five Ways IT is Changing the Future of Oil and Gas

The energy industry will be revolutionized in the coming years due to the rise of information technology. Look for technology such as blockchain, the Internet of Things, and other digitization processes to lead the charge in disrupting the energy industry. In an article from Oil and gas iQ, author Anand Laxshmivarahan writes, “Being part of

October 27 2017
Oil and Gas Industry Resilient Among Low Prices

The oil and gas industry is staying competitive, thanks to advances in technology and efficiency. With the rise of electric cars on the horizon, will gas prices be able to stay low enough for the everyday consumer? In an article from My San Antonio, author Jennifer Hiller writes, “Low oil and gas prices, the rise