Evaluation of Proposed Tax Changes on the US Oil & Gas Industry

Wood MacKenzie for American Petroleum Institute
http://tinyurl.com/2wysrpz

[Michael Levi's summary] Fine-grained analysis of how tax changes proposed by the administration would affect production. The administration has argued that since the value of the tax changes is a small fraction of the value of oil and gas produced, the impact would be minimal. So far, industry has given hand-waving arguments to the effect that that since the tax changes would affect different plays and fields differently, the impact could be much larger. This study puts some meat on those bones. It’s pretty convincing at first glance. (And it’s mercifully short.)

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