Pricing, taxation for tertiary projects

Journal Article · Mon Jun 30 00:00:00 EDT 1980 · Oil Gas J.; (United States)

OSTI ID:5809876

Bushell, G

The difficulty of establishing the basis for tax treatment of a barrel of oil under the 1980 Excise Tax Act (Windfall) is discussed. The sales price of the oil is governed by the US Emergency Petroleum Allocation Act of 1973, as amended, and Department of Energy (DOE) regulations. Pricing categories may not be the same for use under the Tax Act. Several restrictions and burdens of defining and implementing the tax law are cited, concluding that the incremental tertiary decontrol provisions are impractical for most producers and that stripper properties and newly discovered reservoirs appear to be more advantageous for application of tertiary methods of production.

• OSTI ID: 5809876
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 78:26; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000* -- Petroleum-- Legislation & Regulations
CONSTRAINTS
EMERGENCY PETROLEUM ALLOCATION ACT
ENERGY SOURCES
ENHANCED RECOVERY
FOSSIL FUELS
FUELS
IMPLEMENTATION
LAWS
NATIONAL ORGANIZATIONS
PETROLEUM
PRICING REGULATIONS
RECOVERY
REGULATIONS
TAXES
US DOE
US ORGANIZATIONS
WINDFALL PROFITS TAX