IPAA Access - Fall/Winter 2017- 2018 - 11

What is Energy Tax Facts?
With oil and
natural gas
production increasing in the United
States, we finally have a chance to
eliminate our dependency on sources
of energy from unstable regions of
the world. However, if Congress and
the Administration remove critical
energy tax provisions, which stimulate
investment in safe domestic energy
production, they could wipe out
25 percent of future investment and,
thus, reduce our ability to produce
more energy here at home.
Check out IPAA's Energy Tax
Facts website, sign up for campaign
updates, and follow us on social media
to learn more about the real facts that
support continued American energy
production and job growth across
the nation.
WEBSITE: energytaxfacts.com
TWITTER: twitter.com/EnergyTaxFacts

Tax reform is a complex issue that must reflect how capital
is formed and recuperated if it is going to truly help and
support American jobs and businesses. For thousands of
U.S. oil and natural gas producers, capital recovery-the
ability to recover investments made in energy development
and reinvest those funds into new projects-is vital.
Why Tax Reform Matters
Tax reform is essential to keep the
United States growing; yet, the
current dialogue around reform
remains focused first and foremost
on lowering rates. While that may
appear simple enough, tax reform is a
complex issue that must reflect how
capital is formed and recuperated if
it is going to truly help and support
American jobs and businesses. For
thousands of U.S. oil and natural gas
producers, capital recovery-the
ability to recover investments made
in energy development and reinvest
those funds into new projects-is
vital. Provisions such as this are
critical to how companies manage
their capital budgets and, in turn,
keep salaries paid and operations
running. Potential changes to these
provisions could significantly impact
U.S. energy production and the many
benefits it provides.
Each and every one of us relies upon
energy to power our lives. Yet it can
be easy to overlook the many ways in
which our larger economy is reliant
upon the companies responsible for
secure U.S. energy development, and
the way tax laws can support or impede
this development.

Energy and the
American Economy
America's role as a leader in the global
energy mix not only enhances our
national security and trade, it drives our
economy and middle-class workforce.
In fact, according to a new report
from PricewaterhouseCoopers (PwC),

the U.S. oil and natural gas industry
supported 10.3 million jobs in 2015.
This includes direct jobs created
by individual oil and natural gas
companies, as well as the millions of
indirect and induced jobs supported by
the industry at large and energy wages
entering the economy.
A recent report from the Natural
Gas Council, which represents U.S.
companies that produce, transport
and deliver natural gas, also
highlights the robust benefits of
our abundant natural gas resources
to providing clean, reliable fuel
for electricity generation. This
development not only creates
opportunities at the well-head, but
all along the supply chain in new
infrastructure development, American
manufacturing and affordable utility
bills at home. U.S. energy production
has also put the nation on the path
to be a net exporter of natural gas
this year, with the executive director
of the International Energy Agency
stating in June, "The U.S. shale
revolution shows no sign of running
out of steam and its effects are now
amplified by a second revolution of
rising LNG supplies."
These are very real aspects of
our economy intrinsically tied to the
healthy operation of American energy
producers. Yet their operations hinge on
the availability of capital for investment.
In order to continue investing in new
production, producers are highly reliant
on the ability to recover the upfront
Continued on page 21
www.ipaa.org IPAA ACCESS MAGAZINE 11


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Table of Contents for the Digital Edition of IPAA Access - Fall/Winter 2017- 2018

President’s Message
Tax Reform
Tax Reform Facts
87th Midyear Meeting
On the Road
Index of Advertisers
IPAA Access - Fall/Winter 2017- 2018 - Intro
IPAA Access - Fall/Winter 2017- 2018 - bellyband1
IPAA Access - Fall/Winter 2017- 2018 - bellyband2
IPAA Access - Fall/Winter 2017- 2018 - cover1
IPAA Access - Fall/Winter 2017- 2018 - cover2
IPAA Access - Fall/Winter 2017- 2018 - 3
IPAA Access - Fall/Winter 2017- 2018 - 4
IPAA Access - Fall/Winter 2017- 2018 - 5
IPAA Access - Fall/Winter 2017- 2018 - 6
IPAA Access - Fall/Winter 2017- 2018 - 7
IPAA Access - Fall/Winter 2017- 2018 - 8
IPAA Access - Fall/Winter 2017- 2018 - President’s Message
IPAA Access - Fall/Winter 2017- 2018 - Tax Reform
IPAA Access - Fall/Winter 2017- 2018 - 11
IPAA Access - Fall/Winter 2017- 2018 - 12
IPAA Access - Fall/Winter 2017- 2018 - 13
IPAA Access - Fall/Winter 2017- 2018 - 14
IPAA Access - Fall/Winter 2017- 2018 - Tax Reform Facts
IPAA Access - Fall/Winter 2017- 2018 - 87th Midyear Meeting
IPAA Access - Fall/Winter 2017- 2018 - 17
IPAA Access - Fall/Winter 2017- 2018 - On the Road
IPAA Access - Fall/Winter 2017- 2018 - 19
IPAA Access - Fall/Winter 2017- 2018 - 20
IPAA Access - Fall/Winter 2017- 2018 - 21
IPAA Access - Fall/Winter 2017- 2018 - Index of Advertisers
IPAA Access - Fall/Winter 2017- 2018 - cover3
IPAA Access - Fall/Winter 2017- 2018 - cover4
IPAA Access - Fall/Winter 2017- 2018 - outsert1
IPAA Access - Fall/Winter 2017- 2018 - outsert2
IPAA Access - Fall/Winter 2017- 2018 - outsert3
IPAA Access - Fall/Winter 2017- 2018 - outsert4
https://www.nxtbook.com/naylor/PAAB/PAAT0118
https://www.nxtbook.com/naylor/PAAB/PAAT0317
https://www.nxtbook.com/naylor/PAAB/PAAT0217
https://www.nxtbook.com/naylor/PAAB/PAAT0117
https://www.nxtbook.com/naylor/PAAB/PAAT0316
https://www.nxtbook.com/naylor/PAAB/PAAT0216
https://www.nxtbook.com/naylor/PAAB/PAAT0116
https://www.nxtbook.com/naylor/PAAB/PAAT0315
https://www.nxtbook.com/naylor/PAAB/PAAT0215
https://www.nxtbook.com/naylor/PAAB/PAAT0115
https://www.nxtbookmedia.com