Production Taxes

Production Taxes

Taxes levied by state governments on the value or quantity of production or extraction of natural resources.
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Northern pays production taxes based on realized crude oil and natural gas sales.
7billion in production taxes - more than any other sector - in 2013-14 Malcolm Webb, head of trade body Oil and Gas UK, said: "The Chancellor is well informed of industry's current the situation and I trust he will do the right thing for this sector and for the
The win-win for Alaska is to increase new and old oil production, resulting in increased royalties, state corporate tax, property taxes, and production taxes.
Normally, most of the state's oil and gas production taxes go to the Rainy Day Fund.
Benjamin Bridgman, an economist at the Bureau of Economic Analysis, recently explored this issue in a recent study, taking a look at the role of depreciation and production taxes.
JKX Oil & Gas said it would substantially reduce its capital expenditure to offset the impact of higher production taxes introduced by the Ukrainian government last month.
The utility giant said higher wholesale prices, weak consumption and higher North Sea production taxes will all hit its financial performance.
6, provides operator and equity details for major exploration and production assets, as well as 5-year forecasts of production, gross revenues and total government revenues from the fields such as royalties, profit shares and production taxes for active, commercial oil and gas fields in Cuba.
Gas production taxes are projected to drop 29% with oil production tax revenues forecasted at zero.
As a percentage of oil and gas sales, our production taxes were 10.
At that time, oil and gas production taxes made up close to a quarter of all Texas tax revenue, making the state's budget especially vulnerable to the industry's volatility.
As a result, there were no production taxes being collected at the time the amendment was proposed and the vote taken.

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