IPAA Access - Fall/Winter 2017- 2018 - 9

IPAA ACCESS PUBLISHED FOR:
INDEPENDENT PETROLEUM
ASSOCIATION OF AMERICA

president's message

1201 15TH STREET NW, SUITE 300, WASHINGTON, DC 20005
PHONE: (202) 857-4722 FAX: (202) 857-4799

Dear IPAA Members:

Web: www.ipaa.org

President and CEO: Barry Russell
Executive Vice President: Lee O. Fuller
GOVERNMENT RELATIONS
Senior Vice President of Government Relations and
Political Affairs: Dan Naatz
Vice President of Crude Oil and Natural
Gas Regulatory Affairs: Susan Ginsberg
Director of Government Relations and
Political Affairs: Ryan Ullman
Director of Government Relations: Samantha McDonald
Director of Government Relations: Mallori Miller
BUSINESS DEVELOPMENT, CAPITAL MARKETS,
MEMBERSHIP, MEETINGS
Senior Vice President of Business Development,
Capital Markets and Membership: Bob Jarvis
Vice President of Meetings and Sponsorships: Tina Hamlin
Director of Meetings: Brittany Green
Manager of Meetings and Registrar: Keely Daugherty
IPAA/PESA ENERGY EDUCATION CENTER
Executive Director: Anne Ford
Director: Sarah Hewitt
Senior Associate Director: Sarah Castro
Program Administrator: Kelley Hedges
COMMUNICATIONS, ECONOMICS and ANALYSIS,
INTERNATIONAL, and ADMINISTRATION
Senior Vice President of Operations and
Public Affairs: Jeff Eshelman
Vice President of Economics and
International Affairs: Frederick Lawrence
Director of Communications and
Public Affairs: Neal Kirby

As you read this, the Trump Administration and
congressional leaders will be pushing forward
comprehensive tax reform. This could be the biggest
issue facing the industry today, and that's why we've
focused this issue of IPAA Access on federal tax reform.
For oil and natural gas producers there are several
key elements that will be addressed - lower corporate
and individual tax rates, repeal of the individual
Alternative Minimum Tax, elimination of the estate tax
and expensing of capital investments. For U.S. independent producers, capital
recovery provisions (like intangible drilling costs and percentage depletion, to
name a few) are more significant than tax rates. IPAA members and staff continue
to emphasize these points with The White House and with lawmakers. To date,
IPAA staff has visited many times with White House advisers - including National
Economic Council Director Gary Cohn - and members of Congress who sit on the
tax writing committees.
Looking forward, time and process appear to be the largest challenges.
The negotiators have signaled their wish to complete legislative action this
year, but several procedural and political hurdles must first be addressed.
Throughout the process, we urge all IPAA members to contact their
legislators to ensure that tax incentives for domestic oil and natural gas
production remain in the final reform bill.
We invite you to follow our efforts by visiting our tax campaign website -
EnergyTaxFacts.com - and by following us on social media. These efforts could not
be successful without your support of IPAA.
Sincerely,

Art Director: Amy Puglisi
Vice President of Administration and
Membership Services: Therese McCafferty
Senior Director of Member Events: Nikki McDermott
Director of Member Services: LuAnne Tyler
Director of Information Technology
and Webmaster: Kirk Friedman

Barry Russell
President and CEO

Manager of Administration: David Lungren
General Ledger Accountant: Jaime Thompson
Published by:

5950 NW First Place, Gainesville, FL 32607
Phone: (800) 369-6220 or (352) 332-1252
Fax: (352) 331-3525
Web: www.naylor.com
Group Publisher: Heidi Boe
Editor: Rachael Ryals
Project Manager: Celio Ramos

Correction: The article "Great Exportations: LNG Revolution About to
Take Place is the Real Deal" (IPAA Access, Summer 2017) misstated the
location of new natural gas producing acreage owned by Range Resources.
Range added production capacity in the Terryville play of northern
Louisiana, not the Haynesville, as was reported. The article also neglected
to mention the growing importance of the Appalachian Basin, which
produces roughly one-third of America's natural gas and is poised to supply
LNG exports in the future.

Advertising Sales Director: Matthew Yates
Advertising Sales Representatives: Shaun Greyling,
Anthony Land, Bill Lovett, Scott Mckenzie, Marjorie Pedrick
Marketing Account Specialist: Natalia Arteaga
Graphic Design: Gufran Khan
©2017 Naylor, LLC. All rights reserved. The contents of
this publication may not be reproduced, in whole or in part,
without the prior written consent of the publisher.

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PUBLISHED NOVEMBER 2017/PAA-T0317/8205

www.ipaa.org IPAA ACCESS MAGAZINE 9


http://www.ipaa.org http://www.EnergyTaxFacts.com http://www.naylor.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