IPAA Access - Fall/Winter 2017- 2018 - 21

Continued from page 11

costs of development to continue
to reinvest the large capital costs
required for production. Long-standing
tax provisions like the treatment of
intangible drilling costs and, for small
producers, percentage depletion have
been essential to recovering funds
needed to keep these businesses
moving forward, investing in new wells
as older wells produce less over time.
Tax law changes that eliminate these
historic capital-generating provisions
would hinder this development and the
companies behind it.
This is especially critical for the
hundreds of operators that are the
backbone of our energy economy:
independent oil and natural gas
producers. These companies have
an average of 12 full-time and two
part-time employees and have been
in business for 23 years-making
many of these operators longstanding,
community businesses. These same
companies are responsible for
producing half of American oil and
more than 75 percent of its natural
gas, while historically reinvesting over
100 percent of U.S. oil and natural gas
cash flow back into production here at
home. This is who tax reform should
support, not limit.

Tax reform is essential to keep the
U.S. growing. This effort needs to
move in the direction of strengthening
businesses of many shapes and sizes,
putting our economy on a track for
success, and creating new jobs and
opportunities along the way for our
workforce. Efforts must fully assess
successful tax policies currently
in place and look for changes that
support growth and continued

investment in the U.S. Any change to
the tax laws that limits this ability will
hurt our world-leading energy standing
and the men and women working every
day to support it.  ●
EDITOR'S NOTE: An earlier version
of the article appeared in Investor's
Business Daily. For more information,
visit IPAA's tax campaign website,
www.EnergyTaxFacts.com.

EnergyNet made a highly
successful sale a reality
for us and at a price that
exceeded our expectations.
We are extremely pleased
we chose EnergyNet
as our broker.

"

"

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.

Trusted A&D Advisor

What Lies Ahead
As Washington D.C. looks to tackle
reforming the U.S. Tax Code, the
critical role of American energy
production cannot be overlooked.

OUR PLATFORM. OUR EXPERTISE. YOUR SUCCESS.

www.EnergyNet.com
877-351-4488

quarterly

874175_EnergyNet.indd 1

www.ipaa.org IPAA ACCESS MAGAZINE
7/6/17 21
8:40 PM


http://www.EnergyTaxFacts.com http://www.energynet.com/Workflow http://www.EnergyNet.com http://www.ipaa.org

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