News

Record low oil prices officially trigger tax exemption for “stripper wells”

Sergio Chapa | Biz Journals The owners of low-producing oil wells, known as “stripper wells” or “marginal wells” are now officially eligible for a tax break. Record low crude oil ... Read More ...

The Climate Math of EPA’s Costly Methane Rule

Steve Everley | Energy In Depth The U.S. Environmental Protection Agency recently proposed new rules targeting methane and other emissions from the oil and natural gas industry, which the agency claims are ... Read More ...

Mike Cantrell: The proposed new tax on American oil producers is a kick in the teeth

National Stripper Well Association Chairman Mike Cantrell said the per-barrel tax on crude oil amounts to a kick in the teeth for America’s smallest oil producers. A statement generated by ... Read More ...

Enhanced Oil Recovery (EOR) For The “Masses”

Glenn R. McColpin | Forbes Building on Drillinginfo posts about Enhanced Oil Recovery (EOR) earlier this year in these times of low commodity prices, I wanted to touch on the subject of EOR affordability ... Read More ...

US oil ‘stripper well’ operators adopt new strategies to keep afloat amid crude slump

US “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production ... Read More ...

EPA’s new water jurisdiction: The political impacts

Tim Charters, NSWA Vice President of Governmental & Regulatory Affairs As the official representative of the National Stripper Well Association on Capitol Hill, the political and policy implications of the ... Read More ...

Royalty owners hurt too during oil and gas downturn

By Ralph Schaefer | Tulsa World Royalty owners are scarcely noticed in news stories that discuss the impact of oil and gas companies reporting layoffs or closing their doors. Yet ... Read More ...

Editorial: Obama administration methane rules will drive up costs and make U.S. more dependent on imported oil

Tulsa World Editorial Board Cleaning up our air and Earth are important to everyone. But punishing the energy industry unnecessarily in the process is bad business. The Obama administration has ... Read More ...

Congressional Update

Bill Brewster, NSWA Governmental Affairs Consultant The House had a relatively quiet week. The most consequential action was passage of a bill that would transfer $8 billion from the treasury ... Read More ...

NSWA Supports Suspension of Net Income Limitation on Percentage Depletion

The week of May 12, the Senate was expected to consider House Resolution 3474, the tax extenders bill, which extends until the end of 2015 a number of tax relief ... Read More ...

Senate action opens on lift of crude export ban

Tim Charters, NSWA Vice President of Governmental Affairs This week during the debate on Iran Sanctions, Congress will get the first opportunity to consider legislation repealing the 40-year-old ban on crude ... Read More ...

Senate action opens on lift of crude export ban

Tim Charters, NSWA Vice President of Governmental Affairs This week during the debate on Iran Sanctions, Congress will get the first opportunity to consider legislation repealing the 40-year-old ban on ... Read More ...