Tax credit for tight-sands gas

Journal Article · Sat Jun 01 04:00:00 EDT 1985 · Oil Gas Tax Q.; (United States)

OSTI ID:5588152

Schugart, G L

There is a $3 per barrel tax credit, which is tied to crude oil prices, in the Windfall Profits Tax (WPT) for producing fuels from certain unconventional sources. Concentrating on the tight gas formations section of qualifying fuels, the author examines the tax credit and certain factors natural gas producers may want to consider in deciding on whether to choose the tax credit or the incentive prices of the Natural Gas Policy Act. The decline in oil prices is significant enough to provide some producers an opportunity to take advantage of the tax credit. They should do some tax planning by calculating the estimated break-even point for NGPA incentive prices and the nonconventional gas production tax credit.

• Research Organization: Texas A and M, College Station
• OSTI ID: 5588152
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 33:4; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
CALCULATION METHODS
COMPARATIVE EVALUATIONS
ENERGY SOURCE DEVELOPMENT
FINANCIAL INCENTIVES
INDUSTRY
LAWS
LEGAL ASPECTS
NATURAL GAS INDUSTRY
ROCKS
SANDSTONES
SEDIMENTARY ROCKS
TAX CREDITS
TAX LAWS