EPRINC briefing
Oil and Gas Taxation and Regulatory Reform
22 publications
Briefing summary
This briefing covers federal oil and gas leasing, royalty, and taxation policy, including onshore versus offshore royalty trends and foregone tax revenues projected at $57.4 billion through 2024.
What are the energy-security effects of repealing oil and gas tax preferences?
ReportDo Higher Oil and Gas Taxes Pose a Threat to U.S. Energy Security?(For Footnotes Please Download the PDF Version of This Report) Policy debates over taxes on domestic oil and natural gas operations are a…Aug 2009ChartCalculating Foregone Tax Revenues per MMBTU of U.S. Primary Energy ProductionThe chart estimates the foregone tax revenues per MMBTU across sources of U.S. primary energy production.Chart 2022-32ChartForegone Tax Revenues from U.S. Fossil Fuel DevelopmentThrough 2024, and assuming no change to existing legislation, the U.S. Congressional Joint Committee on Taxation projects that foregone tax revenues…Chart 2022-02Commentary“Shifting Oil Industry Structure and Energy Security Under Investment Phase-Outs” by Michael LynchThe International Energy Agency (IEA), a collection of member countries formed in the 1970s to secure the energy security of the advanced Western…Nov 2021ChartNet U.S. Petroleum Imports, 1990 to 2020Net U.S. petroleum imports have declined substantially since 2006, driven by increases in domestic oil and gas production from advanced extraction…Chart 1CommentaryUNDERSTANDING THE LANDMINES IN THE TAX REFORM INITIATIVELarry Goldstein and Lucian Pugliaresi comment on the proposed Border Adjustment Tax, the so-called BAT. Larry is a member of EPRINC’s board of…Jan 2017EventEPRINC Hosted Workshop for Congressional Staff on September 28 The workshop reviewed policy initiatives affecting the oil and gas industry, in particular the proposed repeal of several tax preferences that…Nov 2009PressOGJ Editorial Discussing EPRINC’s Assessment of the Administration’s Tax Proposals“A new study by the Energy Policy Research Foundation Inc. (EPRINC), Washington, DC, challenges the rationale offered by the Treasury Department for…Aug 2009
How would NEPA and permitting reform speed development?
ChartFederal Onshore Leases: Exploration & Potential Production TimelineThe timeline illustrates that federal onshore lease development is a multi-stage process, and if exploration wells prove unsuccessful, the process…Chart 2022-10CommentaryRegulatory Reform: The National Environmental Policy Act (NEPA)On January 10, 2020, the Trump Administration proposed a series of regulatory reforms to streamline compliance with the National Environmental…Mar 2020EventEPRINC Embassy Series: Building out the North American Energy InfrastructureThe event began with opening remarks by EPRINC President Lucian Pugliaresi and Canadian Political Minister Martin Loken. Both stressed the…Oct 2017CommentaryIs it Time for Regulatory Reform at EPA?This 2017 publication predates EPRINC’s current website, and the original document is no longer available in the archive. For EPRINC’s…Jan 2017
What would NOPEC legislation mean for markets?
Op-EdOil Quotas and Import Fees? No, Get America Back to Work – Article by Lucian Pugliaresi and Larry GoldsteinLucian Pugliaresi and Larry Goldstein argue against oil quotas and import fees, contending instead that the priority should be getting America back…Oct 2021AnnouncementEPRINC Re-Release of NOPEC Article by Lucian PugliaresiAs the Senate Judiciary Committee is taking up a vote on NOPEC, EPRINC is re-releasing this 2019 article published in Real Clear Energy on NOPEC…May 2022
How do federal leasing rules affect domestic production?
ReportEPRINC publishes modeling on Budgetary Impact of Aggressive Federal Leasing ScenarioOn Friday, The Trump Administration cleared the way for oil drilling in the Arctic National Wildlife Refuge (ANWR), in line with the…Oct 2025ChartNew Federal Onshore Lower 48 Leases Issued during Biden and First Trump AdministrationsThe number of new federal onshore leases issued in the Lower 48 states declined markedly under the Biden administration relative to the first Trump…Chart 2025-31ChartOnshore vs Offshore U.S. Royalties from Oil & Natural Gas ProductionFederal royalties from onshore oil and natural gas production have increasingly outpaced those derived from offshore production, reflecting a shift…Chart 2022-03ChartNew Mexico RoyaltiesNew Mexico's royalty rates generate revenue from oil and gas production on state lands, contributing to the state's fiscal resources.Chart 5ChartCompetition in U.S. Oil & Gas Upstream Development Yields Substantial Revenue to State Governments – the case of WyomingWyoming relies considerably on the U.S. Department of the Interior's Oil & Gas Royalty program, with federal receipts funding between 25 and 30…Chart 10CommentaryThe Impact of a Fracking Ban on Shale Production and the Economy by Michael LynchOil and gas production from the U.S. petroleum resource base has experienced an unprecedented expansion in output which has now positioned the U.S.…Feb 2020Op-EdWSJ Opinion: The Lessons of the Shale Gas RevolutionOpinion September 30, 2011 The Lessons of the Shale Gas Revolution North American oil production can double by 2035. By LUCIAN PUGLIARESI Where can…Oct 2011